PaxGuard™ is a proven, strategic fraud prevention solution that overcomes the problems with traditional fraud prevention methods by automatically and transparently gathering information from multiple sources and transforming that information into actionable intelligence. It is customizable to your specifications. By providing a redemption path for denied payments, it allows customers to make payments using non-reversible payment methods.
PaxGuard™ Components
Fraud Evaluation Engine – The Heart of the Solution
The fraud evaluation engine pores over current and historical information, notices changes in purchasing patterns, analyzes the transaction in multiple contexts, and determines the fraud risk based on your risk-reach ratio – all in a matter of seconds.
It offers a robust set of features including device fingerprinting, velocity throttling for customers and devices (computers), geo-location to determine the physical location of the customer, and other proprietary techniques and technologies gained from a decade of processing payments for merchants publishing virtual goods and services.
Fraud Intelligence Network – Creating actionable intelligence
PaxGuard aggregates information about transactions from all PaxGuard merchants to help identify fraudsters even if they have never before used your service. The network currently has direct information about millions of payments using 90 different methods of payment. Its capabilities are increased exponentially when combined with extensive networks of behavioral and historical information provided by our partners.
Strategic Partnerships – Getting the best data
PaxGuard partners with industry-leading information providers who provide a wide array of accurate information to PaxGuard. This increases the scope of the intelligence network as well as the information that PaxGuard brings to bear on analyzing fraud.
What this Means for You
PaxGuard is a single point of integration for your e-commerce site that provides comprehensive fraud detection based on our extensive experience and that of our partners. While there will always be a need for evaluations that are particular to a method of payment — which we will add as we make new methods available — much of the standard service protects you from fraud no matter what payment method is employed by your customers.
To fully understand the benefits of PaxGuard, see the Benefits page.