Protecting Your Customers Data Just Got Easier

  • Fraud Prevention

Every year numerous fraud cases are revealed and made public. This puts more pressure on financial institutions, payment processors and even retailers to perform due diligence in order to regulate and help prevent fraud. Fraudulent activity will continue to grow with consumers heavy dependence on the ease and convenience that payment card technology provides. This dependence makes fraud prevention hard to achieve when the regular use of debit cards incidentally leads to identity theft and major losses for all parties involved.

A data breech in your system can expose thousands of customers payment information. Once that data is exposed, criminals can then take it and use it for fraudulent activity. Not only do those fraud losses come directly from your customers bank accounts but data breaches also hurt your companys reputation. Conducting reviews of internal systems and data for trends indicative of large-scale fraud is one preventive measure.

Keeping your data and customers information out of the hands of criminals should be a top priority. Regardless of the industry you work in, identity verification and authentication can be that extra barrier to preventing fraud. Whether you need to process transactions, screen potential applicants, transfer funds, avoid high-risk transactions or just comply with federal regulations, EVS has the best solution for you. Protect your company and customers with effective solutions like IdentiFraud and IdentiFlo.

[Contributed by EVS Marketing]