OneClickSafe by PAY.ON: Comprehensive Protection Against Fraud and Chargebacks for Acquirers, PSPs and ISOs at the Click of a Mouse

MUNICH, Germany, November 21, 2013 /PRNewswire/ --

+ Acquirers, PSPs and ISOs can reduce their fraud rate by up to 80 per cent with OneClickSafe

Fraud and chargebacks are a core issue and a significant challenge for acquirers, PSPs and ISOs. The threat is international and ubiquitous. Choosing, integrating and calibrating the right risk management solutions is just as complex. For payment providers, continuously optimising their risk management is essential; however, being able to stay on top of everyday business at the same time is virtually impossible. PAY.ON, leading operator of Web-based, omni-channel payment infrastructure systems, boasts all the necessary expertise thanks to working with leading risk management providers for over ten years. PAY.ON is now integrating this knowledge into the new security product 'OneClickSafe' to provide its PSP/ISO and acquirer clients with immediate, maintenance-free, state-of-the-art and secure protection against fraud and chargebacks at the click of a mouse.

OneClickSafe contains the latest and best protective tools against fraud and chargebacks and is constantly monitored and updated by PAY.ON. OneClickSafe is based on all the leading providers' risk checks, which are integrated into the PAY.ON payment platform. It contains a total of more than 25,000 control rules, which PAY.ON has now condensed into seven highly efficient risk checks of its own. The new safeguard can be activated at the click of a mouse in the client's back office of the platform in the settings 'Smart', 'Advanced' and 'Excellent'. All packages offer maximum protection; additional internal and external risk checks can still be taken into consideration without any limitations. One important difference between the OneClickSafe packages is the various functions offered for analysis, reporting and processing, enabling different types of PSP/ISO and acquirer requirements to be met. Acquirers, PSPs and ISOs thus no longer need to invest in their own preventative measures against fraud and chargebacks to protect their online merchants.

Markus Rinderer, CEO of PAY.ON AG: 'OneClickSafe now provides acquirers, PSPs and ISOs with highly efficient security packages that minimise fraud and chargeback risks, follow best-practice principles, are already configured and are always up to date, meaning no maintenance is required. OneClickSafe reduces fraud by up to 80 per cent at a mouse-click and is thus an exemplary protection measure against fraud in credit card payments, SEPA direct debits and payments that use alternative payment methods. The risk checks included also minimise chargeback fees and unauthorised transactions. This simultaneously achieves higher conversion rates."

OneClickSafe has the right safeguard ready for each PSP/ISO and acquirer: In addition to the security barriers automatically included, the 'Smart' version offers a global blacklist for every merchant account, a plausibility check by BIN country code (country IP) and a duplicate check in real time. 'Advanced' offers all the functions included in the 'Smart' version, as well as an anonymous proxy check and a merchants' account velocity check to identify and combat fraudulent merchant activity. In addition to the functions offered by 'Smart' and 'Advanced' packages, the 'Excellent' package also includes a fraud memory cache, fraud pattern recognition, a 24-hour blacklist check and 3-D Secure for credit card processing. If any further adjustments are necessary, the filters, which are included in all packages, enable the user to make individual calibrations.

Further information can be found at: http://www.payon.com/en/fraud-prevention

About PAY.ON:

PAY.ON AG is an internationally leading operator of payment infrastructure systems whose cloud services meet all the needs and requirements of modern and global payment processing. As a white-label provider, PAY.ON guarantees that its customers (comprising PSPs, ISOs, acquirers and financial institutions) will enjoy unlimited independence. As a full-range solution, the omni-channel PAY.ON platform enables users to, whenever necessary, activate all relevant payment and risk-management processes as well as global connectivity and the latest fraud and chargeback prevention onto their own system. Users can also add external tools and market-tested PAY.ON services to their system at any time, such as fast merchant onboarding and mobile payment. This allows business cases of any complexity to be implemented, expanded in a targeted way, or completely outsourced - whilst saving costs, time and resources. To allow the connectivity of existing systems to be quickly expanded, the modular PAY.ON gateway, now via just one API, offers direct access to over 300 system-relevant payment providers worldwide and more than 100 payment methods. Thanks to its gateway, PAY.ON speeds up the global availability of providers like no other network. All PAY.ON's systems guarantee absolute compliance with the internationally applicable PCI and security standards and are operated via its own data centres, providing excellent availability. Further information can be found at http://www.payon.com.

Press contact PAY.ON AG:
Annett van de Bunt
Head of Marketing
Phone: +49(0)89-4523-0552
Email: press@payon.com
http://www.payon.com