My Merchant Account Blog

Vetting the Transaction - More Options

Friday, January 08, 2010

While you have done quite a bit to ensure the electronic transaction is not fraudulent, you can still do even more.  If you are using MaxMind GeoIP - you should take advantage of the other features it offers.  You can purchase the MaxMind services from the company itself and build this into your checkout process or rely on the Quantum Gateway - decreasing development time and money and possible checkout errors.

The extra features that MaxMind offers include letting the merchant know:

• The transaction is originating from a high risk country
• The user is using a free e-mail address
• The user signs up with a username / password that has been detected as fraudulent in previous transactions
• The transaction is being conducted through a proxy server
• The shipping address is a known mail drop
• And many more options!

Besides no development code being added to the checkout process, the merchant can set the "score" through the Virtual Terminal.  Doing this, this prevents the transaction from being sent to the electronic payment gateway, saving the merchant a transaction fee, on top of a possible chargeback.

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