The ability for merchants to prevent fraud will save e-businesses money and increase their ability to be profitable in the competitive Internet economy. FraudShield also offers the merchant the capability to receive an email alert when a particular FraudShield rule is triggered. FraudShield's features ultimately enable the merchant to maximize the number of valid transactions and minimize invalid transactions to avoid the costs of fraud. Flooz has built customized fraud rules, with FraudShield as one of the main components, that return fraud checks in a matter of seconds. FraudShield even sends customized messages back to us when certain types of transactions are submitted, complementing our customer service.
Internet businesses bear all costs for fraudulent e-commerce transactions.
The bank also penalizes merchants submitting fraudulent transactions by imposing higher discount rates, chargeback fees, fines or may even terminate service. FraudShield is a standard ClearCommerce Engine component.