SPOKANE, WASH – May 27, 2015 – Electronic Transfer, Inc. (a Credit Card Processing company with 26 Years’ Experience) now provides several fraud and risk prevention options free of charge for gun and ammo dealers using their payment gateway system.
Velocity Controls provide a tool to manage and mitigate risk associated with processing credit cards by establishing limits on transactions. When enabled, the Velocity engine will monitor credit card transactions in real-time against the threshold limits defined. These controls will assist in preventing abuse and minimize potential for fraud. Utilization of the velocity controls can automatically decline transactions based on location, BIN, transaction amount, repeat card use and excessive refunds. Caution should be used in using these tools as the thresholds can limit and decline otherwise acceptable transactions.
The IP Viking service uses continuous discovery and analysis of rogue networks and compromised devices to provide a complete IP risk assessment for every transaction.
Fraud and Risk Management
The proprietary risk management system provides a sophisticated suite of fraud detection and prevention options. Each transaction submitted can be filtered through a comprehensive series of fraud detection rules to determine potential risk to the merchant account. Configuration of these rules is under your complete control using our user-friendly Online Merchant Center administration web site.
Address Verification Service
The Address Verification Service (AVS) is a system designed by bankcard processing networks to aid in the detection of suspicious credit card processing activity. AVS matches billing address information provided by the cardholder with the cardholder’s billing address on file at the credit card issuing bank. The payment processing network then sends an AVS response code indicating the results of the match to the payment gateway.
Automatic Merchant Fraud Protection Features
In addition to the merchant-initiated protection mechanisms described above, several automatic features have been incorporated into the Merchant Fraud Protection module to block out transactions showing suspicious buying behaviors, including:
1. A feature to block a credit card that is submitted and declined twice within 24 hours using different expiration dates.
2. A feature to check City and State entries for validity against the zip code entered.
3. A feature to check area codes for validity against the zip code entered.
4. A feature to detect and block proxy transactions
About Electronic Transfer, Inc.:
Electronic Transfer Inc. is a leading merchant account and merchant services company with operations throughout the USA. ETI provides services that businesses require to accept credit card, electronic check and direct debit payments. ETI processes credit card payments for internet businesses, mail order and retail point-of-sale merchants, as well as processing checks and direct debits online and by phone.
For more information, visit Electronic Transfer, Inc.’s web site at:
Company Name: Electronic Transfer
Contact Person: Mike Knudtson
Address:3107 E. Mission
Country: United States