If you’re a Merchant Acquirer or Payment Facilitator, you know you’re responsible for customer chargebacks caused by fraudulent sub-merchants. Far from being just “the cost of doing business,” this can often mean the difference to remaining a viable business.
However, did you know integrating just one additional set of data can dramatically reduce the number of fraudulent sub-merchants making into your system? That data set is: accurate, authentic and unaltered location data. In fact, the regulated iGaming markets have already seen a 90% reduction in fraud after integrating location data into their KYC processes.
Download this white paper to learn:
- The techniques fraudsters use to hide their location
- The limitations of using an IP address for location verification
- How accurate, authenticated and unaltered location data can be easily captured during the onboarding process to flag potentially fraudulent sub-merchants
- The types of sub-merchant fraud that location data can prevent
- How location data can be integrated into a continuous authentication process to protect against account takeovers
Download the whitepaper
Download pdf
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