All the research indicates that fraud attacks are on the rise and that fraudsters’ strategies and tactics are becoming ever more sophisticated as fraudsters become more brazen in their attempts to steal from businesses and consumers. Fraudsters also have a new favorite target: digital goods. As a result of fraud, card-not-present (CNP) merchants face losing revenue from chargebacks and the loss of the fraudulently obtained goods or services. If the fraud exceeds card processors’ thresholds, they can also face potentially damaged relationships with card issuers, gateways and merchant banks—the entities that businesses depend on to be able to process their payments.
Recurly understands the threats that fraudsters pose, and we’re committed to ensuring the security of our customers’ data. In addition to our own highly secure environment (PCI-DSS Level 1 compliant), we also offer our customers tools to help them fight the CNP fraud we know they face every day.
Recurly’s subscription management platform is the only such solution on the market today that provides comprehensive, integrated fraud management which enables our customers to effectively fight CNP fraud using streamlined, automated tools.
Our customers have worked hard for their success, and the effort to fight the constant fraud attempts can severely impact profits. Without an effective fraud management solution, fighting fraud often requires committing costly personnel and operational resources to stay one step ahead of the fraudsters.
With Recurly Fraud Management, subscription businesses can protect themselves from ever-evolving fraud threats, safeguard their profit by minimizing chargebacks, and prevent CNP fraud and unauthorized account creation. Our integrated solution provides effective, automated tools that are easy to use but which can also be customized to meet a business’ particular needs.
Businesses can identify fraudulent activity for well known types of fraud (such as EMV transition), high-risk countries, high-velocity attempts (for example, multiple sign-up attempts with the same credit card) and identify repeat offenders. Our “set and forget” configurations enable a business to determine how aggressive they want to be in their fraud defense, and set up their rules accordingly. Our tool will then automatically identify potentially fraudulent transactions and respond based on the pre-set configuration.
Don’t let the fraudsters win. Fight back! Download our data sheet to learn more about Fraud Management with Recurly. Or if you prefer, talk to a Recurly expert at (844) 732-8759 or sign up for a demo below.
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The value of Recurly is that we no longer have to worry about the different aspects of subscription management. Instead, we can focus on things that are our core competency, like adding value to our service and expanding our offering. That’s been a huge win for us.