FraudLabs Pro makes that possible as simple as a new module in shopping cart. To determine whether or not a credit card transaction is fraudulent, it is integral for an online merchant to be able to pinpoint exactly where in the world a consumer is located. If you are too busy to implement fraud screening in your shopping cart, you can subscribe to FraudLabs Pro fraud screening service. Online consumers and fraudsters can be located anywhere on the globe. The geolocation data merely reveals the customer’s city location from where they connected to the Internet and certain connection characteristics.įraudLabs Pro is the solution to fight online credit card fraud
IP2Location IP Geolocation does not compromise, nor does it ever track customer behavior. Privacy is something that consumers are often concerned about. This way, potentially fraudulent transactions can be flagged, while legitimate customers are not adversely affected. Online merchants can compare that information with the billing and shipping addresses that a customer provided during the transaction and can take relevant action if they discover any inconsistencies. However, IP2Location Geolocation Solution is able to instantly identify the real world location of web visitors, i.e. Often, anonymizers or proxy servers are also utilized by fraudsters to prevent their true IP address and location from being disclosed. Other additional pieces of information are also provided through which the fraud risk of an order can be assessed. Geographic location of a device from which someone has placed an online order can be pinpointed with the help of IP2Location IP Geolocation. How does IP2Location IP geolocation work? An online merchant’s bottom line is likely to rise significantly. At the same time, operating losses will be reduced and orders will not have to be wrongly rejected. However, if IP geolocation data is added to a fraud prevention platform, a large number of fraudsters can be stopped. Fortunately, IP2Location IP Geolocation is a cost-effective and predictable tool that can be applied to all online credit card transactions so that any fraudulent ones can be detected and eliminated.Ĭredit card fraud will likely to persist as long as online e-commerce exists. In most cases, online merchants are not able to find out where the crook is from, and usually the crime is discovered after it has been committed, so it cannot be prevented. For online scammers, one of the biggest advantage is the ability to stay anonymous, which means they can target any enterprise from anywhere in the world. Many online merchants who are running e-commerce businesses are not limited to a particular geographic boundary. Why is credit card fraud detection through IP geolocation important? While fraud risk is something every online merchant is prepared for, using a tool like IP2Location IP Geolocation and FraudLabs Pro can help to mitigate the risk and keep it to a manageable level.
It is important to stop online fraudsters during the checkout process. Online credit card fraud is a major threat to e-commerce businesses. Fraud Detection with IP2Location IP Geolocationĭetecting and preventing credit card fraud to maximize profits while minimizing operational costs is very challenging for online merchants.
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