An Overview of Moneris’ Online Fraud Tools
Whether it be a single chargeback for a large purchase, or a stream of small-cost fraudulent purchases, the financial toll fraud takes on businesses can be significant.
Moneris offers a range of online fraud protection tools for businesses of all sizes
Protect your business against online transaction fraud with these real-time solutions that minimize losses and improve your bottom line. Moneris helps deter fraud, improve customer experience and create cost savings by offering end-to-end fraud protection solutions.
Product Features
Moneris Kount® Essential
Moneris Kount Essential is an advanced fraud protection platform designed for small and medium sized businesses looking to considerably reduce exposure to fraud and strategically assess customers in real-time.
Out-of-the-box protection
With Kount Essential, merchants get ready-to-use fraud protection backed by our pre-configured Moneris rule-set. An API integration provides you the ability to approve or decline transactions based on a predetermined response from Moneris, while the Checkout solution offers fully automated order decisioning on your behalf.
Features
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Real-time response
Enables a friction-free checkout with an average response time of 300 milliseconds -
Predictive modeling
Moneris Kount analyzes hundreds of variables to create an exceptionally accurate prediction of fraud -
Risk Scoring
Moneris Kount uses information from billions of purchase attempts to generate a numeric risk score for every transaction
The Benefits of Moneris Kount Essential
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Payments fraud prevention
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Reduce chargebacks
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Decrease false positives
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Reduce manual reviews
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New account fraud prevention
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Card testing detection
Moneris Kount® Enterprise
Moneris Kount Enterprise is a comprehensive fraud prevention platform designed for large enterprises looking to considerably reduce exposure to fraud and strategically assess transaction risk in real-time.
Tailored protection
Merchants can tailor the Kount Enterprise platform to meet their specific business objectives. Here you’ll have the ability to customize specific rules to accommodate your fraud strategies, risk tolerance levels, and other internal policies.
Available through API or Moneris Checkout
Features
-
Real-time response
Enables a friction-free checkout with an average response time of 300 milliseconds -
Predictive modeling
Moneris Kount analyzes hundreds of variables to create an exceptionally accurate prediction of fraud -
Risk Scoring
Moneris Kount uses information from billions of purchase attempts to generate a numeric risk score for every transaction -
Concierge Services
Consultation with a Client Success Manager for the lifecycle of the Moneris Kount integration
The Benefits of Moneris Kount Enterprise
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Reduce chargebacks
-
Decrease false positives
-
Payments fraud prevention
-
New account fraud prevention
-
Reduce manual reviews
-
Card testing detection
3-D Secure 2.0
3-D Secure 2.0 (3DS 2.0) is the new industry standard for reducing instances of fraud during card-not-present ecommerce transactions. Using risk-based authentication, it helps confirm the validity of transactions in real-time for improved checkout speed, security, and cart abandonment rates.
Benefits Include:
• Improved fraud detection1
• Helps reduce fraud chargebacks
• Authenticated transactions shifts fraud-related chargeback liability to the Issuer1
• Increased authentication approvals lead to more sales1
• Lower shopping cart abandonment (70% less in comparison to 3DS 1.0)1
• Faster check out times (85% reduction from 3DS 1.0)1
Benefits Include:
• Improved fraud detection1
• Helps reduce fraud chargebacks
• Authenticated transactions shifts fraud-related chargeback liability to the Issuer1
• Increased authentication approvals lead to more sales1
• Lower shopping cart abandonment (70% less in comparison to 3DS 1.0)1
• Faster check out times (85% reduction from 3DS 1.0)1
Standard Tools
Card Verification Value (CVV)
Confirms the customer knows the 3-4 digit code on the card provided, and validates it with what is on record with the issuing card bank.
Address Verification Service (AVS)
Matches the address the customer provided to the address on the record with the issuing card bank.
Advanced Tools
Card Tokenization
Tokenization replaces credit card details with a unique identifier (the token) that remains stored in the Moneris Vault. Tokens can be shared across your business and used for subsequent transactions online and at the point-of-sale* As no card data is stored by the merchant, security is that much stronger.
Vault
Our Vault resides on the Moneris Gateway to securely store data, including tokens and customer information. Merchants can create customer profiles for future transactions and update customer records in real-time.
Hosted Tokenization (HT)
For online businesses that prefer not to handle card numbers directly, the card data is collected by Moneris on the merchant’s behalf. A token is returned to complete the online transaction.
Fraud Prevention Insights
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1 “Frictionless Experience with Verified by Visa” – Risk-based authentication case study – data supplied by CA Technologies and RSA
® VISA is a registered trade-mark of Visa Canada Inc. MASTERCARD and MASTERCARD IDENTITY CHECK are registered trade-marks of MasterCard International Incorporated.
* Must be the same legal entity.