Charged with Preventing Identity Fraud
The payment processing industry is currently thriving due to the increasing number of online transactions. However, as with most opportunities there are inherent challenges and that is the case in the payment processing industry. One of the biggest challenges is combating cybercriminals and their ongoing attacks. When unstopped, these attacks typically result in data breaches, identity fraud, and compromised systems. All of these crimes subsequently cost payment processors time and money.
EVS has solutions to combat these cybercriminals by helping payment processors and their merchants verify and authenticate the identity of those attempting to enter their payment chain.
Payment processors and ISOs can turn this challenge into an opportunity by offering the EVS fraud prevention services to their merchants, thus protecting their merchants while improving their bottom line. Learn more about our partner program.
Our products are designed to allow for many different applications, each capable of bolstering your overall security procedures. Payment processors in particular may find our fraud prevention services to be useful when:
- Processing transactions
- Point of enrollment/account origination
- Retrieving and resetting account credentials
- Transferring funds
- Confirming delivery locations
- Avoiding high-risk transactions
- Ensuring compliance with federal regulations
- Protecting against fraud