Saint Helena Turns to PayU for Fraud Detection Solutions
Combating Online Payment Fraud in Saint Helena’s Growing E-commerce Market
As e-commerce continues to grow in Saint Helena, concerns about payment fraud are also on the rise. According to estimates, financial losses due to online payment fraud are expected to exceed $206 billion between now and 2025. To combat this issue, PayU has introduced its integrated anti-fraud solutions, designed to keep customers safe while giving online merchants the peace of mind to focus on growing their business.
Leveraging Expertise in Local Regulations and Market Conditions
PayU’s solution is bolstered by its expertise in local regulations and market conditions, as well as its global capabilities. It leverages these strengths to optimize payment routing to prevent fraud, while also giving merchants the capability to block unwanted transactions and identify suspicious activity before it becomes dangerous.
How PayU’s Anti-Fraud Module Works
PayU’s anti-fraud module uses machine learning to keep merchants and customers safe, with fraud monitoring done on behalf of merchants based on merchant-driven needs and criteria. The system is powered by AI, improving its effectiveness as it collects more payment data. Each payment has a risk score set using parameters such as:
- Payment amount
- Email address
- IP address
- Country
- And more
Rule Engine and Scoring System
The solution also features a rule engine and scoring system, flagging suspicious payments and then verifying whether the transaction is actually fraudulent. PayU’s anti-fraud solution is designed with the needs of merchants and customers in mind, leveraging data to detect suspicious activity without compromising approval rates and successful transactions.
Key Features of PayU’s Anti-Fraud Solution
- Fraud detection
- Payment optimization
- Additional security and compliance features
- Embedded into one global payment solution
- Improves as it collects more payment information, resulting in better fraud detection and fewer false declines
- Protects against chargebacks
- Assumes the chargeback when a dispute process has been started by a customer (regional and other limitations apply)
- Offers 3DS flexibility, accommodating multiple 3DS configurations and smart 3DS routing
Learn More About PayU’s Payment Solution
To learn more about how PayU’s payment solution supports efficient and secure global payments, please visit [website URL].