In order to ensure secure financial transactions, some payment processors will use data encryption to protect vital information. Using information like IP address, geolocation, and other deductive tools, fraud scrubbing can help reduce fraud and ensure safe and secure checkouts. Perhaps more importantly, the payment processor will carry out a number of anti-fraud measures to ensure the transaction is authentic.įraud scrubbing is just one of the many measures processors use to help eliminate fraud.įraud scrubbing uses a number of tools to determine the likelihood of fraud for each transaction. The primary function of payment processors is to facilitate credit card transactions. At Allied Wallet we offer Level 1 PCI-DSS compliance on every single one of our services so you can ensure a safe and secure checkout for your Some payment processors will assume your PCI responsibility, others will not. PCI compliance not only protects your business and your clients from security breaches, it’s also the law. PCI or payment card industry compliance is mandatory for every business that accepts payment via credit and debit cards. You need a processor that can handle your customers’ payment preference in a safe and secure manner.īecause electronic and card payments can be vulnerable to fraud and theft, they are highly regulated. Payment processors can give your customers the flexibility to use the payment type they want. That means being able to process credit and debit card transactions. In order to be successful in business, merchants need to offer their customers a variety of ways to pay for products and services.
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