Instead of chargeback processing, a global collaborative network is built to obtain information directly from the issuing Bank, reducing time of confirmation of fraud and disputes to a few minutes.
After the cardholder confirms the fraudulent transaction, the relevant warning will be sent to the merchant as soon as possible.
By setting rules, such as automatically completing a refund or other response, fraud or repudiation can be prevented in the first place.
Collecting fraud data in advance can eliminate similar fraudulent orders and reduce transaction losses through feature analysis.
Visa, MasterCard, American Express, DC card transaction early warning acceptance and processing are supported, in line with the relevant requirements of card schemes.
For different types of early warning, different response methods such as refund or reply information can be selected.
Through the immediate response to warning, fraudulent transactions and chargebacks are intercepted.