AsiaPay Launches ePayAlert to Provide Advanced Online Fraud Detection
AsiaPay has launched ePayAlert, an online fraud prevention service and solution suite for protecting banks, payment service providers, airlines, hotels, and merchants from the risks associated with card-not-present (CNP) transactions. This advanced, customisable solution and service fully processes and checks online payment transactions with extensive use of dynamic rules with real-time fraud reporting and alert support.
ePayAlert is being offered either as an online service, white-labelled hosted service, or as a total solution license model.
“In today’s online retail environment, it’s imperative that businesses put into place user-friendly tools to effectively identify and mitigate online fraud to help protect both consumers and the organisation’s reputation, and such protection can also be extended to the mobile payment environment,” said Joseph Chan, chief executive officer (CEO) of AsiaPay. “To address this need, we’re introducing a comprehensive online fraud solution and service which provides risk managers and analysts the ability to customise their own risk parameters, extend risk alerts via email or SMS, and download detailed reports and statistics with additional in-depth analysis thereby, allowing them to focus their attention on fraudulent transactions while fast-tracking valid orders through fulfilment.”