Stop Losing Money to Fraud with the Best Fraud Protection Solution
At FastoSafe, we believe that protecting your transactions shouldn’t be complicated. That’s why we’ve built a seamless, powerful fraud protection solution designed to keep your business moving forward.
FastoSafe
Comprehensive Fraud Protection for Merchants
Fraud Prevention Software that Actually Works
Our advanced fraud detection system uses machine learning that trains on data across thousands of global companies. This means we can detect and block fraud with unparalleled accuracy, ensuring that your business stays secure without compromising customer experience.
Next-Gen Fraud
Detection
Traditional fraud prevention methods often lead to lower acceptance rates and lost revenue by mistakenly blocking legitimate customers. FastoSafe helps you distinguish between fraudsters and genuine customers, applying Dynamic 3D Secure to high-risk payments. This ensures that your security measures don't come at the cost of customer satisfaction.
Full-Stack Solution
With advanced tools like Kount and Red Shield, we check every transaction for fraud, backed by smart AI screening. We also handle chargebacks and disputes using Ethoca and Verifi CDRN, providing a comprehensive solution for timely fraud prevention.
Spot Fraud Before It Eats Into Your Profits
Fake Customer Information
Fraudsters often use bogus details like random email addresses (e.g., "asdkf12495@freemail.com") or improperly formatted phone numbers. Watch for inconsistencies in customer details across purchases.
Suspicious Payment Activity
Be cautious of bulk purchases of the same item, unusually high-value orders, or sudden shifts in typical customer buying behavior.
Unusual Order Patterns
Multiple attempts with the same card but different shipping addresses, or different cards shipping to one address, are red flags. Fraudsters may also try multiple transactions from the same IP.
Declined Transactions
Frequent declined payments can indicate fraud attempts. Regularly analyzing these patterns helps you catch emerging threats before they cause major losses.
Shipping Physical Goods
If you’re a merchant selling physical goods, such as a CBD retailer, you need to be wary of fraudsters looking to steal your goods.
Shipping Security
Understanding shipping patterns is crucial for protecting your business from fraud. Start by comparing shipping and billing addresses. While mismatches don't automatically indicate fraud (think gift purchases), they warrant closer inspection. For US, UK, and Canadian cards, verify that both postal codes and street addresses pass verification checks.
Post-Purchase Risks
Post-purchase behavior can reveal fraud attempts, too. Be wary of requests to change shipping addresses after successful charges, fraudsters often use legitimate addresses initially, then redirect shipments. And be especially careful of rush orders and overnight delivery request -- fraudsters will do everything they can to get their hands on your goods before the card is reported stolen or lost.
Geographic Consistency
Now is the time to take a refresher course in geography. The card’s country of origin should match the billing address, and any shipping addresses in different countries or unusual destinations require additional verification.
Digital Goods and Services
Digital goods and services, such as adult content and gambling, require a unique approach to fraud prevention, as they’re particularly attractive to fraudsters due to instant delivery.
Strong Payment Verification
Strong verification is your first line of defense—collecting and validating card details like CVC, street address, and postal code should be standard practice. Consider declining transactions that fail these basic verification checks.
Enhance Fraud Prevention with Data
Finally, collecting comprehensive transaction data strengthens your fraud prevention strategy. Track and analyze IP addresses, email logs, and usage patterns. This evidence not only helps identify suspicious activity but also provides valuable documentation for dispute resolution.
Fraud Protection Made Easy
If all of this sounds like a lot to take in, it’s because it is. It’s not hard to see a small team of experts tackling these checks on a daily basis. Luckily, at FastoSafe we proactively identify all of these fraud attempts for you, making sure you can fight fraudsters with ease.
High-Risk Fraud Protection vs Low-Risk Fraud Protection
High-risk business
High-risk businesses are prime targets for fraud due to the nature of their products, services, or customer base. These businesses often face higher rates of fraudulent activities and disputes, which can lead to significant financial losses and reputational damage. At FastoSafe, we specialize in fraud prevention for high-risk merchants, delivering comprehensive solutions to fight fraud and minimize chargebacks.
Low-risk business
Low-risk businesses, while not as vulnerable to fraud as high-risk businesses, still need to implement basic fraud protection measures to safeguard their operations. The focus here is on maintaining a balance between security and customer convenience.
Best Practices for Online Fraud Prevention
- Multi-Factor Authentication: Adds extra verification steps.
- AI-Powered Detection: Stops suspicious activity in real time.
- CVV & AVS Checks: Verify card details and billing info.
- 3D Secure & 2FA: Strengthen high-value transactions.
- Transaction & Location Monitoring: Detects unusual patterns before fraud occurs.
Strong security means fewer risks and a smoother customer experience.
Fraud Protection vs Chargeback
Prevention
Fraud prevention and chargeback prevention are two sides of the same coin, but they operate at different stages of the transaction process.
Credit Card Fraud Protection
Chargeback Prevention
Ready to Protect Your Revenue?
FAQs
What is the difference between fraud prevention and chargeback prevention?
Fraud prevention is all about stopping fraudulent transactions before they happen. It involves analyzing transaction patterns and behaviors to detect and block suspicious activities. Chargeback prevention comes into play after a transaction is completed. It focusses on reducing the likelihood of customers disputing transactions and requesting refunds.
How does FastoSafe ensure the security of my customer data?
We offer robust encryption methods and secure data storage practices. All sensitive information is encrypted, ensuring that it remains confidential and protected from unauthorized access.
How does FastoSafe handle false positives to ensure legitimate customers are not blocked?
FastoSafe employs advanced machine learning algorithms that continuously learn and adapt to new fraud patterns. This helps in distinguishing between fraudulent activities and legitimate transactions, reducing the likelihood of false positives. Additionally, our Dynamic 3D Secure feature adds an extra layer of security for high-risk payments without compromising the customer experience.
How does FastoSafe differ from other fraud prevention solutions like Shopify’s built-in tools?
FastoSafe offers a more comprehensive and advanced fraud prevention solution compared to Shopify’s built-in tools. While Shopify provides basic fraud detection features, FastoSafe uses machine learning and AI to analyze transaction patterns in real-time, providing unparalleled accuracy in detecting and blocking fraudulent activities.
What is card testing?
Card testing is the practice of testing a card (or multiple cards) on one site to see if it’s still valid before using it on another site to make a fraudulent payment. Sites with free text fields, such as donation sites and “pay what you like” e-commerce businesses, are predominantly the targets of card testing. Implementing CAPTCHA or rate- limiting charges can help combat this type of fraud.
What is friendly fraud?
Friendly fraud occurs when a legitimate cardholder makes a purchase but then disputes it at a later date. This can either be accidental, because they didn’t recognize the transaction on their statement, or deliberate (for example, due to buyer’s remorse or as an attempt to fraudulently obtain merchandise without paying).
