Whether you’re looking to minimize losses, reduce operational costs or you’ve experienced a data breach and need help minimizing future risk, our fraud and security solutions and the tools of our Solution Partners are customizable to your business’ needs and offer an effective way to keep customer information, your business and your brand secure. We can help you:
Secure payment data
Mitigate fraud costs and chargeback rates
Implement tighter security controls
Customize your own fraud rules
Powerful payment security can secure card data throughout the entire transaction, significantly reducing the risk of sensitive card data being stolen in the event of a data breach.
Fraudsters are getting more sophisticated, using stealthier and more complex monetization schemes1. A strong fraud strategy can help establish a response to an immediate threat, minimize losses and establish a deterrent, driving fraudsters elsewhere.
Encrypt and tokenize transactions in all channels
With a multilayered security solution, like TransArmor® Data Protection, protect card data from cyber criminals.
Help reduce costs and protect eCommerce transactions
Help increase online sales and lower decline rates as part of the authorization process using Consumer Authentication.
Efficiently manage chargebacks and disputes
When you combine payment processing from Bank of America Merchant Services with the dispute resolution platform and tools offered by our solution partner, Chargeback, you get a solution that can help prevent post-authorization fraud.2 Contact a business consultant for an introduction to Chargeback.
Chargeback complements pre-authorization fraud prevention strategies with features designed to help you:
Use machine learning to score fraud in real-time
Machine learning constantly learns and adapts to new fraud trends and behaviors via cyber intelligence rules to instantly provide a risk score for every transaction and help you decide whether to accept, decline or review.
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