J.P. Morgan's subsidiary, Chase Paymentech, has rolled out its Safetech fraud tools in Europe to help protect retailers against online fraud.
The new 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 companies 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. The suite of security solutions is available to Chase Paymentech Europe customer-not-present (CNP) retail customers.
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