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Sign Up Now
and look into
the most advanced fraud prevention system available.
Validating the customers
Identity will prevent chargeback's from common sources
such as:
Internet CC Sharing, Identity Theft, International
Fraud, Kids stealing parents credit cards and more.
Reasons for friendly chargeback's include:
Customer wants the money back to pay for something
else, customer feels he didn't get what he paid for,
customer is unhappy with product or service provide,
Kid steals parents credit card and parents want money
back.
RampidPay will prevent friendly
chargeback's using a set of spending limit flags. When
your customers have reached certain spending limits,
they will be issued the appropriate documents thy will
need to get back to us in order to continue making
transactions. These documents will be stored by
RampidPay and will be provided to you for use when a
customer tries to do a chargeback. The information RampidPay
provide to you will be enough to overturn the
customers chargeback, preventing the loss of your
product, revenue and costly fees. |
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About RampidPay |
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3rd Party Fraud
Prevention System |
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RampidPay is a system of ID
validation techniques combined to offer the most advanced
fraud prevention system available. Designed to plug into
your current credit card processing system, any merchant
can benefit from securing every transaction and preventing
your customers from taking advantage of your business with
fraud.
How RampidPay Works
There are 3 major steps that can be used to describe how
the RampidPay anti-fraud system works.
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Step 1 - Validate Customer Identity |
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only way to truly eliminate fraud on the internet is
to validate the identity of the customer trying to use
the credit card on your website and match it with the
name and address of the person listed at the
card-issuing bank. If the identify of the customer
trying to use the card matches the identity of the
person that is registered with the bank of the card
issuer - that transaction is not fraudulent.
Without fool-proof customer validation, there is no
way to know if the person using the billing
information provided is the actual person who owns the
credit card. Someone who is NOT that person could get
hold of their billing information and use it to fraud
your business. Internet frauders use very advanced
tactics to retrieve complete billing information from
online shoppers. Once they have this information, they
can get away with using it to make online purchases
almost anywhere on the web. Even if you try to catch
these frauders after they strike, it in most cases
does not make financial sense to spend the money on
private investigator and a lawyer to prosecute them.
The frauder are also often located in another country,
outside of your jurisdiction.
RampidPay uses a proprietary
real-time customer validation check at the time the
customer tries to make a transaction on your website.
Pulling from RampidPay vast database of personal records, RampidPay
will issue the customer a short online identification
quiz. This quiz will ask questions that are not
billing related and can only be answered by the person
listed on the credit card. If someone who is not that
person tries to pass the id quiz, they will certainly
fail. Questions such as "What was the amount of your
first car loan?" will appear on the quiz. If the
customer passes the quiz, your customer will be able
to make a purchase on your website right away, without
risk to you of that transaction being fraudulent.
If there is not enough data to
issue the quiz or if the customer fails the quiz and
feels they have a valid reason for not being able to
pass - The customer can request to be called by a
RampidPay Agent. The agent will manually validate the
customer over the phone. This is very important and
will ensure that you do not lose out on any legitimate
customers.
Validating the customers
Identity will prevent chargeback's from common sources
such as:
Internet CC Sharing, Identity Theft, International
Fraud, Kids stealing parents credit cards and more!
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Step 2 - Monitor Future
Transactions |
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the customers identity has been confirmed it is still
important to monitor the transactions they continue to
make. RampidPay will monitor this and alert you of any
suspicious activity. |
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Step 3 - Prevent Friendly
Charge-backs |
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though a trusted customer has made consistent valid
purchases month after month - there is no way to
prevent that customer from turning on you and issuing
a chargeback claim. A chargeback can be done by any
credit card holder free of charge and does not take up
much time, it is very easy to do. Once this chargeback
is issued, you will have 30 days to respond with
enough evidence to overturn it. If you do not respond
in time, or if the merchant bank does not get enough
evidence from you to overturn it - you will be charged
$25+ per transaction AND charged for the total amount
of money the former customer has spent on your
website. The money will be returned to the customer,
and the bank will make a $25 profit on each
transaction they chargeback. It is up to you to get
the product or service you gave back from the customer
(not very easy).
Reasons for friendly chargeback's include:
Customer wants the money back to pay for something
else, customer feels he didn't get what he paid for,
customer is unhappy with product or service provide,
Kid steals parents credit card and parents want money
back.
RampidPay will prevent friendly
chargeback's using a set of spending limit flags. When
your customers have reached certain spending limits,
they will be issued the appropriate documents thy will
need to get back to us in order to continue making
transactions. These documents will be stored by
RampidPay and will be provided to you for use when a
customer tries to do a chargeback. The information RampidPay
provide to you will be enough to overturn the
customers chargeback, preventing the loss of your
product, revenue and costly fees.
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