This post was originally published on Finextra (Security)
Finix, the full-stack payment processor enabling businesses to accept and send payments online and in-store, today unveiled Advanced Fraud Monitoring, a new no-code capability powered by Sift to help businesses better detect, monitor for, and prevent fraudulent transactions.
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Advanced Fraud Monitoring builds on Finix’s existing security solutions and is available through a customized Sift console for both merchants and payment facilitators, offering tailored industry-leading fraud prevention at a competitive price per transaction.
Today’s fraudsters are more resourceful than ever, but Finix’s Advanced Fraud Monitoring hands the power back to businesses, providing tools that put them a step ahead. These features include:
• Backtesting and Rule Simulation Testing: Businesses can now test and simulate fraud prevention rules before they go live, ensuring optimal effectiveness.
• Custom-Defined Rulesets: Users can define and tailor their own rulesets on top of existing Finix rulesets to fit specific business needs and fraud prevention strategies.
• Ongoing Finix Support for Custom Transaction Monitoring: Businesses can rely on ongoing support from Finix’s expert team to manage and adjust fraud monitoring settings in real-time.
With Advanced Fraud Monitoring, all customer transactions are screened
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