| d="body"> | | | | start with hiring specialist that could render |
| Alexius Larpinuere is an owner of a Canadian | | | | pre-screening of payment instruments before the |
| e-business that specializes in selling gifts online. The | | | | payment gateways processed them, fraud at that |
| business shifts in high gear during Christmas, and other | | | | stage was required to be prevented. |
| gift giving days. The company earns most of its | | | | The objective was clear, and the task entrusted to a |
| revenue during these times, and loses a part of it to | | | | company that partners with merchant websites |
| payment fraud. | | | | rendering fraud prevention services. The screening |
| The revenue loss because of credit card fraud had | | | | service used 600+ parameters to authenticate the |
| become a part & parcel of his business for a | | | | genuineness of a credit card, and instantly generates |
| number of years now, and Alexius had begun to | | | | an alert in case of fraud. The screening process takes |
| accept it since he was clueless on how to prevent it, | | | | very little time and without the customer being aware |
| this attitude had emboldened the people that targeted | | | | of it. |
| his website, and year after year the level of fraud | | | | Alexius was able to benefit from the company's fraud |
| increased. | | | | prevention services, because it was targeted by a |
| Alexius was indifferent to the issue of fraud, because | | | | syndicated gang whose origins were located in Nigeria, |
| the business also had rapidly increased over the years. | | | | the Geo location feature that the screening company |
| But the things however were different now, because | | | | used was able to identify the masked proxy and in the |
| the downturn has affected many enterprises and his | | | | process the transactions that originated from that |
| business too was now in the midst of it, the issue of | | | | region were blocked and fraud prevented. |
| fraud was no longer a back burner any more. | | | | The screening company also used device identification |
| Alexius was quick to realize that credit card fraud | | | | tool that virtually fingerprints devices used for |
| protection was his primary task now, and if something | | | | transactions and in time can generate an alert used by |
| notable had to be done about it, he had to take that | | | | syndicated gangs for committing fraud on different |
| initiative rather than rely on payment gateways for | | | | merchant websites. |
| credit card fraud prevention. The new beginning would | | | | |