SecureBuy® 2.0 - Next Generation Fraud Technology
SecureBuy Addresses the Pain Points – Industry Statistics
According to LexisNexis® 2013 True Cost of Fraud Study, Merchants are paying more per dollar of fraud in 2013 as a result of an increased proportion of fraud through the online channel. Online-channel fraud costs merchants $3.10 for each dollar of fraud losses. Merchants utilize an average of 5 separate fraud tools and numerous third party call out tools to detect online fraud. And one out of every four transactions are deemed high-risk and set aside or pushed to an analyst for manual review. 75% are eventually accepted and 7% of manually reviewed transactions are false positives or inadvertent customer insults. Although chargebacks are the most often cited metric, merchants report that chargebacks account for only 43% of all fraud claims. Proactive refunding is taking place to resolve 57% of what they deem to be fraudulent claims. Online merchants only challenge 53% of chargebacks with a 43% average win rate. Europe and Canada experienced a 40 to 60% increase in online fraud when EMV was implemented. Do the math; what is payment fraud costing your business?
Most large merchants spend the majority of their annual fraud budget on guesswork...
SecureBuy 2.0 eliminates the need for manual review and provides the compelling evidence necessary to win against chargebacks. SecureBuy 2.0 removes the need for proactive refunding, inadvertent customer insults and provides your customers with the added security they are now demanding. SecureBuy 2.0 is the answer to "Account Takeover" and "Friendly Fraud/Cybershoplifting." SecureBuy 2.0 prepares merchants for the tidal wave of fraud headed to the U.S. if and when EMV is implemented.
SecureBuy’s Total Fraud Solution Includes:
- Real-Time Passive Authentication
- Risk-Based 3-D Secure Authentication with 3DS Decision Engine
- Terms & Conditions Manager
- Biometric Signature Capture
- Certified Forensic Signed Sale Receipt
- TransExam Chargeback Management System
SecureBuy's patent-pending screen scrape technology captures the entire purchase, including the customer's signature and the terms and conditions agreed upon at time of purchase. The signed sales receipt can be automatically included within your customers confirmation email. SecureBuy provides the indisputable proof of purchase (considered compelling evidence by the card brands recent rule changes) needed to defend against chargebacks. It's all the proof you need to protect your business from friendly fraud/Cybershoplifting™ 100% of the time.
SecureBuy created the industry's first certified signed sales receipt/draft for online merchants. The sales receipt/draft is securely stored within TransExam, the first payment neutral chargeback management system. Merchants can now retrieve all necessary sales documentation to win payment disputes and retrieval requests. TransExam warehouses all sales drafts in accordance with all credit card company rules and regulations, PCI Compliance, Personal Information Protection Act (PIPA) and Electronic Documents Act standards. >> Learn More
Merchants of any size can afford SecureBuy's next generation fraud technology because it has the lowest cost of ownership of any fraud solution on the market. With flat monthly pricing options and no long-term contracts or monthly minimums, SecureBuy provides the best fraud technology available today!