FraudStop™ is ideal for online merchants wanting to reduce fraud losses and contribute to catching fraudsters.
FraudStop™ is a new PCI Certified service from Ethoca that compiles fraud information for National Cyber-Forensics & Training Alliance (NCFTA) analysis -- so your organization can not only reduce its fraud losses but also contribute to catching fraudsters. Something no other anti-fraud tool does.
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Catching sophisticated crooks
It’s typical for fraudsters to hit each merchant in small amounts, and each hit is not big enough for the merchant to make a case. FraudStop™ will help compile the data needed to track such fraudsters down.
Using FraudStop™, member organizations can compare confirmed fraud information to increase fraud detection. The NCFTA will analyze compiled data for fraud trends and links between cases. The goal is to identify and prosecute crooks responsible for online payment fraud and related crimes.
Reducing fraud losses
- Each member of the service contributes confirmed fraud cases via a web interface, uploading batch files, or using an application programming interface (API) to connect with Ethoca’s PCI Certified system.
- Members receive a daily list of confirmed fraud cases. Member identification is not part of a FraudStop™ file, so no one can connect a particular fraud incident to a particular member.
- The NCFTA analyzes all cases of confirmed fraud, looks for emerging fraud trends, and creates actionable intelligence for law enforcement.
- Members also receive FraudStop™ Reports with information on trends and results.
Pricing
For now, this service is free. At a later time, Ethoca may charge for the distribution of the collected information. But even then, merchants will always be able to upload for free their own confirmed fraud cases to help law enforcement build a case against the fraudsters.
Getting started
To get started with reducing fraud losses and contribute to catching credit card fraudsters, please fill the form on this page.
Need help or have a question? Please email us.