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Fraud in the Card Not Present (CNP) arena has increased year on year over the past 5 years. In 2006,
APACS stated that there was a significant 16% increase in CNP fraud alone. With the launch of Verified by Visa and MasterCard Secure
Code, plus Chip and PIN in the Cardholder Present environment, fraud will decrease, leaving the traditional Mail Order/Telephone Order merchants at greater risk of exposure.
We know that chargebacks and associated costs are a major concern to all
merchants, as well as those incurred through lost goods and processing.
Streamline’s responsibility is to protect its merchants from potential fraud
increases in the industry, hence Streamline Fraud Screening Service.
What are the benefits?
Keep pace or ahead of new fraud threats
- Reduce chargebacks due to fraud
- Control fraud to turnover ratios
- Reduce false declines.
How does it work?
Fraud Screening forms part of the transaction authorisation flow, prior to the
bank authorisation. Information supplied by the merchant and Streamline is
combined using a number of sophisticated technologies. This enables an 'accept',
'deny' or 'challenge' response to be given within less than 1 second to the
normal authorisation process.
Types of service
- Bespoke service – a fully integrated, bespoke product aimed
at high volume merchants. Requires 100% transactions screening which forms part
of the authorisation flow. The bespoke service is accessed via an Application
Programme Interface (API).
- Sector service – bespoke per merchant sector, requires 100% transaction
screening, which forms part of the authorisation flow. The sector service is
accessed via the merchants' own internet web browser.
For further information, please refer to the
General Brochure (202kb PDF
document) and/or
User Guide (237kb PDF document). You will need Adobe Acrobat Reader to view these
publications.
Get Acrobat Reader (from www.adobe.com)
Visit access.adobe.com
How much does it cost?
Our pricing is determined by many factors including:
- the type of
business you operate
- the volume
and value of card transactions you will process
Just answer a few simple questions on our
Introduction Form and we should be
able to give you a pricing structure for your specific business straightaway.
If your requirements are more complex, we will be happy to arrange for a member
of our team to visit you, to discuss how the Streamline service can be tailored
to meet your needs
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