PROSUM has partnered with Retail Decisions (ReD) of UK, a company that has been in the business of Card Issuance and Fraud Prevention for over 20 years. ReD processes in excess of 16 billion transactions per year for its clients, including some blue chip companies such as the following:
Travel Sector: KLM, Air China, China Southern Airline, Hainan Airline, Meridiana, Royal Jordanian, Azerbaijan Airways, Lan Chile, Kenyan Airlines, Opodo, Travelocity, Ctrip, eLong, Travelex, Thomas Cook and Harvey World Travel, The Bird Group, SITA
Telecoms Sector: O2, Virgin Mobile, T-Mobile, Du, I.D.T, Nomi-Call, Hutchison 3, Carphone Warehouse, Tesco Mobile, AT&T, Vodacom, MTN
Retail Sector: Wal-Mart, Sky, Tesco, Boots, Sky, Bloomingdales, John Lewis, Sears
Oil Sector: Shell, Texaco, Esso, B.P, Pace Petroleum, Morrisons
Regional clients include Du, Etihad etc.
Fraud Prevention:
Card frauds cost consumers more than a whopping $10 billion every year. Our advanced and fraud detection services maximize safe transactions while minimizing clients’ exposure to fraud. Prosum, in association with ReD, offers professional expertise and customized technology to eliminate fraud, increase the number of transactions safely accepted, and reduce internal costs for clients.
Customer-Not-Present (CNP)
CNP transactions pose a higher level of threat and risk, both for the Merchant and for the Consumer.
We protect your card transactions that are accepted over the internet, via mail order, telephone order or through interactive TV.
Our solutions include:
- Monitoring by a team of risk analysts
- Custom rules strategies for your business
- Neural networks
- Proprietary, domestic and international screening databases
- Pattern recognition and velocity engines
- Industry cardholder authentication initiatives
- Ready to use without major infrastructure investment
Increase your genuine sales and secure your business with the certainty delivered through our Fraud Prevention Systems.
We also offer two new exceptional components, namely Neural Technology and Dynamic Data Validation, to further enhance Fraud Management.
Advantages of our Neural Technology include:
- Detection of emerging and existing fraud schemes
- Continual adaptation model and intelligence over time
- Proprietary statistical algorithms to detect abnormal cardholder behavior
Advantages of Dynamic Data Validation include:
- Validation of cardholder identity against multiple records
- Additional profitable sales opportunities in AVS and CVV failure
- Identification of high risk transaction that pass AVS and CVV
Negative Databases:
Merchants, such as your organization are often exposed to, and unprotected from, lost and stolen card information? Naturally, fraudsters attack the most vulnerable sites first.
We provision the distribution of a global database of compromised card records, including the latest reported hot and negative card files (HCF/NCF), both online and off-line.
The list includes:
- ReD's UK's Hot Card File (HCF) of over five million UK card numbers
- Visa and MasterCard's list of lost and stolen cards
- ReD's South Africa's negative card file containing reported lost and stolen cards
- South Africa’s Fleet Card Negative File (FCNF) for the petroleum sector
- Warm cards (those we detect as demonstrating unusual buying patterns)
- Cards our clients wish to accept under any circumstance
- ReD's unique and proprietary database of compromised cards containing millions of records
Our clients immensely benefit from Screening Database services. On-line transactions are cross-referenced against our proprietary screening database that contains more than seventy million known compromised card data variables.
Benefits of our Negative & Screening Databases include:
- Reduction in fraud, chargebacks and fines
- Reduction in internal costs of manual checking
- Cross references against suspicious cards within our customer pool
- Limitless capacity
For more information, contact us at info(@)prosumfzc.com [Remove brackets before and after @]
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