Online fraud is a serious and growing problem. While liability for fraudulent card-present or in-store transactions lies with the credit card issuer, liability for card-no-present transactions, including online transactions, falls to the merchant.
PayPal's comprehensive Fraud Protection Services offer strong security that prevents fraudulent transactions. The fraud package, in conjunction with your Payflow service's standard security tools, offer a suite of technologies from authentication to rules engines to provide comprehensive and layered security.
PayPal offers the following two types of fraud packages:
Basic Fraud Protection. This is a starter security package designed for merchants with low transaction volumes or less sophisticated risk management needs.
Advanced Fraud Protection. It includes additional fraud filters that meet the higher security needs of merchants with mid to high-level transaction volumes, or merchants selling products in a high risk category, such as consumer electronics, or pre-paid calling cards.
When you purchase either Fraud Protection Services package, you can purchase the following two services:
Buyer Authentication. It integrates Visa's Verified by Visa and MasterCard's SecureCode into secure calls to the PayPal-hosted Payflow service. These services prompt buyers to provide a password to their card issuer before being allowed to execute a credit card purchase.
Account Monitoring. It provides premium protection against unauthorized use of your Payflow account, including transaction monitoring by trained PayPal security professionals, proactive notification of suspicious account events, and call-in numbers to security representatives to discuss and investigate suspicious account activity.