Fraud Protection & Risk

Brittany Aamodt

Among all successful business owners, there is at least one constant thought: “How do I gain an edge over my competitors?” This proactive mindset will give you the groundwork to scale a sustainable business that can truly thrive.

In a business owner’s ardent quest to find the differentiating factor for their business, they could spend significant amounts of money investing in marketing, data analysis, competitor analysis, and product optimization. While implementing these tools into your strategy are valid, one of the most sought after qualities that will set your company apart from the rest is security.

You might wonder, what value does security add to your business other than preventing your company from losing a lot of money? Merely saving money is a very narrow view of the whole picture.

When you fail to implement the latest security services you can face devastating fines and become an easy target for malicious attacks intended to ruin your reputation in the marketplace.

We make it our aim to provide the most secure technology in the industry so your company can not only have a competitive edge within your marketplace, but also ensure your company has the tools it needs to thrive in any situation.

Security

One of our most recent developments on the verge of being released is our APEX payment gateway, which comes completely ready to meet all of your security and compliance needs.

Not only is our APEX payment gateway PCI compliant, which is essentially a third party that regulates strict security measures across the industry, but we also have certain technology that provides deeper layers of protection beyond PCI compliance.

Rev19 has buffed up our security measures with advanced Machine Learning and AI technology that has 12 years worth of collected data designed to inform our team of possible fraudulent cases. For example, our AI system will compare and contrast IP addresses to detect and flag fraudulent behavior.

In addition, we have incorporated what we call 3DS or 3D secure. This extra layer of security will validate the transaction among three different sources: Acquirer Domain (the bank and the merchant), Issuer Domain (the bank which issued the card being used), and the Interoperability

Domain (the infrastructure provided to support the 3D Secure protocol). Hence, the reason we call it 3D secure.

Another way we reduce your risk through easy integration. Integrating through APEX technology provides a seamless transition that allows for an optimized user experience and bypassing any frustrations that normally occur with such changes.

PCI Compliance

Here’s a brief overview for those that don’t know what PCI compliant fully encompasses.

PCI is an organization that was created by major credit card companies. Considering the rampant nature of fraud within the credit card industry, companies such as Mastercard and Visa wanted to figure out how they could universally combat potential risk and fraud.

PCI describes themselves as “The PCI Security Standards Council is a global forum for the ongoing development, enhancement, storage, dissemination and implementation of security standards for account data protection.”

When PCI committees gathered, they constructed a strict checklist of robust standards in order for companies to become PCI compliant. Moreover, PCI works to maintain the relevancy and strength of these security measures.

How does this apply to you as a business owner?

You can accept major card companies if you are deemed PCI compliant. Inside your wallet, you’ll probably find any one of the major credit card brands that dominate the industry. All of those companies have gone through a process to be able to accept your credit cards, debit cards, and even that special rewards card that gives you all those extra points.

If a merchant does not meet PCI standards, they cannot accept those cards, and the bank will deny your transaction. On top of that, you will likely have to pay an obsessive fine for operating outside of compliance.

Our mission at Rev19 is to help your business grow, and that’s why our team is available to walk you through the process of becoming PCI compliant, so you can focus on what you love.

Boom. Done. It’s over. No more stressing about all that PCI lingo. You can focus on growing your business now.

Loss prevention

A differentiator between us and other processors is the way we handle chargebacks.

To clarify, a chargeback is a practice where a customer file to receive their money back if they see an unapproved transaction on their card statement. However, chargebacks have caused a lot of issues for business owners.

Many customers realize they can easily take advantage of chargebacks and will try to get their money back, even if it’s not warranted.  If you want to know more about chargebacks and how they work, visit our article Understanding Payment Card Processing.

Chargebacks are a headache for business owners, but you’re not alone. We have your back and are ready to walk you through those situations as they occur.

You will encounter fraud and security issues no matter what type of business you run. The good news is there are solutions available at your disposal to ensure peace of mind to both you and your customers. We make it our priority to find the most advanced security methods so you can do what you love and leave the technical difficulties to us. We would love to hear about your business and how we are able to help you make your dream into a reality. Fill out the form below, and one of our account experts will be in touch!


CATEGORIES: BUSINESSES, DEVELOPERS
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