Botswana Online Payment Fraud Detection Methods on the Rise
As e-commerce continues to grow in Botswana, so does the threat of online payment fraud. According to recent estimates, financial losses due to online payment fraud are expected to exceed $206 billion between 2020 and 2025.
In response, PayU has introduced an integrated anti-fraud solution that leverages machine learning to keep merchants and customers safe. The system uses a rule engine and scoring system to evaluate each payment based on parameters such as payment amount, email address, IP address, country, and more.
How it Works
PayU’s anti-fraud service detects fraudulent transactions and notifies merchants when they occur. The system is powered by AI and improves with each new piece of payment data, making it more effective at finding legitimate fraud while minimizing false declines.
Key Features
- Rule engine and scoring system for evaluating payments
- Machine learning for improved detection and minimization of false declines
- 3D Secure capabilities through internal flow, external Merchant Plug-In (MPI), or PayU’s MPI
- Additional anti-fraud features enabled based on local market conditions
Why it Matters
Merchants rely on PayU for advanced fraud detection and close cooperation with law authorities in the event of a breach. The solution also helps merchants comply with Secure Customer Authentication (SCA) requirements, while maintaining high approval rates.
Benefits of Advanced Fraud Detection
- Protection against financial losses due to online payment fraud
- Improved customer trust and satisfaction through secure transactions
- Compliance with regulatory requirements for SCA
Benefits for Merchants
PayU’s anti-fraud solution offers several benefits to merchants, including:
- Worry-free online payment processing
- Improved fraud detection and fewer false declines
- Protection against chargebacks
- 3DS flexibility and smart routing
- Comprehensive support for efficient and secure global payments
Get Started
To access comprehensive anti-fraud support and other payment security features, merchants can get started with PayU’s global payment orchestration platform. With its advanced fraud detection capabilities and 3D Secure features, PayU is the ideal partner for merchants looking to protect themselves and their customers from online payment fraud.