iGaming Payment Processor & Crypto Gateway
Payment gateway is a third-party between merchants and customers that securely take the money from customers and send it to merchant’s bank account. It is a virtual equivalent of a physical point-of-sale terminal that located in most of retail outlets. Payment gateway performs the important role in processing and authorizing the payment or transactions between customer and merchants. As for crypto payment gateway enables merchants to use Bitcoin and altcoins for their business and also to accept payments in traditional currencies such as USD, Euro, etc. The bitcoin payment service instantly converts the received bitcoins into the currency of your choice, eliminating the volatility risk. The money gets added to your account, and it finally gets credited to your designated bank account at the decided frequency once the accumulated account crosses the threshold limit.
There are currently 10 names in this directory beginning with the letter F.
False Declines / False Positives
It happen when a legitimate transaction is flagged by a merchant’s fraud protection system and is inadvertently declined. It often occurs because a cardholder trips a merchant’s fraud detection program (for example, making a large purchase that’s being shipped somewhere other than the customer’s billing address) and is wrongly identified as a fraudster.
Forensic Investigator
PCI Forensic Investigators (PFIs) are companies approved by the PCI Council to help determine when and how a card data breach occurred. They perform investigations within the financial industry using proven investigative methodologies and tools. They also work with law enforcement to support stakeholders with any resulting criminal investigations.
Fraud
Fraud can refer to anytime a person gains something of value — ranging from money to physical goods to services — by engaging in deliberate criminal deception or omission. There are myriad types of fraud — including investor, accounting, credit card and insurance fraud — but the end goal is the same: A criminal knowingly receives a benefit they’re not rightfully entitled to.
Fraud Analyst
A fraud analyst monitors customer or business accounts and transactions to identify and prevent suspected fraud. Transactions may be flagged for any number of reasons, including transaction type and amount, shipping/billing address mismatch, or a higher-than-usual volume. If the analyst sees a high-risk or a suspicious transaction, they will flag it for further analysis, which may involve contacting the account holder or conducting more research.
Fraud Filters
Fraud filters make it easier for e-commerce merchants to identify and respond to potentially fraudulent transactions. One of the most common is a purchase amount filter, which lets e-commerce merchants set upper and lower limits for transaction amounts. Any purchase that falls outside the range can be flagged and held for further review, processed as usual but trigger a report, or automatically declined. Because most merchants know their typical transaction size, setting the filter will notify them when unusual transactions occur. Fraud filters can be extremely effective when used properly. But if a merchant layers multiple filters incorrectly, the filters may not work as intended, with some rules being overruled by others and decreasing the efficacy of the system.
Fraud Losses
After a criminal fraudulently takes something of value from a merchant, the merchant experiences a range of fraud losses, from the product itself to the fees and penalties associated with any chargebacks to the reputational damage associated with fraud.
Fraud Managed Services
Fraud managed services focuses on preventing fraud from happening, rather than merely reacting to fraud attacks. With fraud managed services, a team of experienced analysts manages all aspects of the business’s e-commerce activity, actively watching transactions and implementing comprehensive chargeback management strategies to stop fraudulent orders before they’re approved. The fraud managed services provider may be liable for the fraud risk if a fraudulent transaction is approved.
Fraud Prevention Vendors
Every e-commerce business needs a fraud prevention solution, and many vendors are dedicated to monitoring and stopping fraudulent card-not-present transactions. Some vendors provide transactional analysis using advanced artificial intelligence (often as an outsourced solution); others use a managed services solution, in which a team of experts manages every aspect of an e-commerce business’s activity. Still other vendors combine the two for a hybrid approach to fraud management.
Fraud Protection Software
Some merchants integrate fraud protection software into their prevention strategies. These automated software programs help businesses identify risky transactions in real time and reduce the impact of customer fraud. Using algorithms, the software scans transactions from multiple sources, uses past transactional data to analyze risk factors and flags transactions for further analysis.
Friendly Fraud
Friendly fraud occurs when a cardholder disputes (or files a chargeback on) a purchase because they forgot they made the purchase, another family member authorized the purchase, or even because the customer misunderstood the merchant’s return policy. What differentiates this type of fraud from others is that these customers aren’t trying to be deceitful; they’re simply making an honest mistake.