Merchants, Banks and Technology Partners to Benefit from Potential to Reduce the Costs of Fraud and Optimise Approval of Genuine Orders
LONDON, Oct. 7, 2013 /CNW/ - Global payments services provider, DataCash - a MasterCard company, today announces that its industry leading fraud
management solution, GateKeeper:2.0 incorporates MasterCard's Expert Monitoring System Fraud Scoring for Merchants and also MasterCard's Lost-Stolen Account List API .
DataCash's GateKeeper:2.0 is the first fraud management solution to link
to MasterCard's Lost-Stolen Account List API, which cross references
more than 30 million lost and stolen cards globally, to help online
merchants detect fraud.
MasterCard's Expert Monitoring System Fraud Scoring for Merchants also
improves a merchant's ability to identify fraud. With this tool
MasterCard provides merchants with a highly accurate predictive fraud
score that gives broader insight into card behaviour.
The enhancements to DataCash's GateKeeper:2.0 leverage the strength of
the MasterCard network and data insights so that Merchants can more
accurately detect fraudulent transactions, as well as lessen the
potential of rejecting genuine customers.
"These solutions are designed to help merchants run and grow their
businesses more efficiently," says Johan Gerber, Group Head, Processing
Products for MasterCard. "The integration into DataCash's
GateKeeper:2.0 makes it a powerful single platform solution for
merchants to manage and execute their fraud strategies."
DataCash's GateKeeper:2.0 is a global solution which utilises multiple
layers of advanced technologies and innovation to identify fraud and
risk with pin-point accuracy. It currently screens more than 30 million transactions per month, from
over 30,000 Merchants across 180 countries worldwide.
"DataCash's GateKeeper:2.0 has been developed with MasterCard to take
fraud and risk management for merchants to a new level, enabling them
to expand successfully into new geographical markets, industries and
digital payment channels," states DataCash President, Ajay Bhalla. "The
current fraud landscape is rapidly evolving, and these developments
will secure GateKeeper:2.0's precise ability to detect whether a
payment is fraudulent or genuine, enabling merchants the potential to
grow their businesses without putting their reputation and revenues at
The DataCash webinar 'Fraud Prevention Secrets to Successful Expansion' on Wednesday October 23 2013 will provide merchants with practical
strategies to afford them a stronger opportunity to make their
expansion plans into new geographical or digital markets a success.
MasterCard NYSE: MA, http://www.mastercard.com, is a technology company in the global payments industry. We
operate the world's fastest payments processing network, connecting
consumers, financial institutions, merchants, governments and
businesses in more than 210 countries and territories. MasterCard's
products and solutions make everyday commerce activities - such as
shopping, traveling, running a business and managing finances - easier,
more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
Founded in 1996, DataCash Group Ltd (part of MasterCard Incorporated)
provides multi-channel global payment processing services and advanced
fraud prevention and risk management solutions to merchants and banks.
As a global partner to some of the world's most recognisable brands in
the gaming, travel, retail and finance sectors, DataCash combines smart
thinking and an end-to-end solution to help its customers transcend the
complexities and expense associated with payment processing. Advanced
technology from DataCash enables customers to accept and process
payments in over 177 currencies, from over 45 brands across e-commerce,
m-commerce channels and cardholder present channels - with the security
and confidence of tools tailored to meet exacting and expanding
business needs. DataCash customers protect their brand and reputation,
enhance end-user experience and capitalise on new global market
For further information:
PRESS Contact: Simon Chan, Edelman for DataCash, firstname.lastname@example.org, +44(0)20-3047-2433.