So what can JetPay Solutions offer you – the merchant to combat Chargebacks effectively?
Real-time Security Our advanced software analyses buying patterns. When it suspects a problem (its 99% accurate), it alerts you immediately, so you have time to decline payments before you lose money. With JetPay, fraud and risk protection is real-time. If we think theres a problem, we tell you immediately, so you can take action. Our advanced program analyses purchasing patterns and overall trends on your account. If it suspects a transaction of being fraud, or tumbling, it alerts you that instant, so you can accept the transaction or decline it before you lose money. How does that effect you? Its 99% accurate; no time wasting. [ more]
Card Identification cuts chargebacks because it spots problem cards (pre-paid payment cards, corporate cards and cards registered in high-risk areas) and blocks them before the transaction can go through (and then fail). Tailored specifically to you needs, our Card Identification Program can identify and block specific financial institutions or geographic areas that pose a particular risk of losses. It can also identify and block types of card most likely to cause losses, especially on recurring or continuity programs. [ more]
BIN blocking blocks cards from risky banks. BIN blocking uses Bank Identification Numbers to block cards from banks that are known to cause chargebacks because they are either from risky or high fraud areas or they tend to let disputes go straight through to chargeback rather than get customers to query them. BIN Blocking is unique to JetPay. [ more]
Dynamic Descriptors cut customer queries on statements. Dynamic Descriptors and Phone Numbers prevent chargebacks from unrecognised charges. Thats because they solve a common problem customers querying charges they dont recognise on their statement, especially on card-not-present transactions. [ more]
Real-time Reporting – If you need a snapshot of current transactions, deposits or refunds or fraud, funding and chargebacks you need it now, not tomorrow. Our GetReporting service gives you exactly that: a clear and customisable real-time picture of any users account, whenever you need it. Concerned youre nearing your chargeback limit? Find out immediately. Need a customised report to import to your General Ledger system? Well run a customised report, with all the fields you require for your General Ledger import, and send it to you daily even several times a day. Does one department need a partial refund breakdown? We can configure down to a specific user level. [ more]
And theres many more services we offer to combat chargebacks and fraudulent activity. Just start here to found out more or email us.
Look out for our next Industry Insight on Friendly Fraud coming soon.