Fraud management solution GateKeeper:2.0 by global payments services provider, DataCash, has incorporated MasterCard’s Expert Monitoring System Fraud Scoring for Merchants.
DataCash’s GateKeeper:2.0 has also become the first fraud management solution to link to MasterCard’s Lost-Stolen Account List API , which cross references more than 30 million lost and stolen cards globally, to help online merchants detect fraud.
MasterCard’s Expert Monitoring System Fraud Scoring for Merchants is also said to improve a merchant’s ability to identify fraud. With this tool MasterCard aims to provide merchants with a ‘highly accurate predictive fraud score’ that is said to give broader insight into card behaviour.
Mastercard say that the enhancements to DataCash’s GateKeeper:2.0 leverage the strength of the MasterCard network and data insights so that Merchants can more accurately detect fraudulent transactions, as well as lessen the potential of rejecting genuine customers.
Johan Gerber, group head, Processing Products for MasterCard, said: "These solutions are designed to help merchants run and grow their businesses more efficiently. The integration into DataCash’s GateKeeper:2.0 makes it a powerful single platform solution for merchants to manage and execute their fraud strategies."
DataCash’s GateKeeper:2.0 is marketed as a global solution which utilises multiple layers of advanced technologies to identify fraud and risk with pin-point accuracy. It currently screens more than 30 million transactions per month, from more than 30,000 Merchants across 180 countries worldwide.
DataCash president Ajay Bhalla said: "DataCash’s GateKeeper:2.0 has been developed with MasterCard to take fraud and risk management for merchants to a new level, enabling them to expand successfully into new geographical markets, industries and digital payment channels.
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"The current fraud landscape is rapidly evolving, and these developments will secure GateKeeper:2.0’s precise ability to detect whether a payment is fraudulent or genuine, enabling merchants the potential to grow their businesses without putting their reputation and revenues at risk."
