Chase Paymentech rolls out Safetech fraud tools in Europe

The company’s suite of security solutions is set to help online retailers retain legitimate sales while preventing fraudulent transactions. Safetech fraud tools determine the location and device identification of the customer via custom scripts run on the retailer’s online payment page. Once the consumer completes the purchase, all data is sent to Chase Paymentech with the authorisation request. Then, Chase Paymentech sends the authorisation request to the payment brands and receives a response that includes approval or decline, as well as Address Verification Service response data. This data is routed through Chase Paymentech’s Risk Inquiry System for analysis, checked against custom rules implemented by the retailer and a fraud score is calculated and returned with the authorisation response. In the end, the retailer decides whether to accept or decline the transaction.

Safetech fraud tools represent a Software-as-a-Service (SaaS) based application, including multi-layer device fingerprinting, proxy piercing, dynamic order linking, dynamic risk scoring, custom rules management and auto-decisioning. Safetech fraud tools can be used regardless of currency and payment method. The suite of security solutions is available to Chase Paymentech Europe customer-not-present (CNP) retail customers.

In recent news, Chase Paymentech has introduced on the Canadian market the Safetech Encryption, a service which protects merchants and consumers from payment card fraud and data theft.