Verify Location for Transaction Fraud Prevention
LocationSmart® provides the trusted mobile device location verification, presence detection and identity verification that optimizes your financial services security. Use reliable wireless carrier location technology to assist with transaction verification and fraud prevention. Improve customer satisfaction and fraud prevention logic by using location insight as another critical factor to assess fraud risk level. The ability to detect whether a user’s mobile device is in the vicinity of a transaction makes the LocationSmart Platform ideal for in-store transactions, post-transaction review, online purchases, ATM activity, loan applications, and money transfers.comprehensive location, messaging and privacy controls. Using LocationSmart’s cloud-based, high availability web services platform, businesses can quickly deploy pervasive location-smart programs.
With 16.7 million victims of fraud last year alone, credit and debit card fraud is the biggest fear of Americans. LocationSmart provides the means to verify that a consumer’s mobile device is at the same location where a transaction is taking place. Using multi-source and network-initiated location of the user’s device ensures trusted results. In the event that an account is already compromised, using secure location data for post-transaction review provides cost savings and increases processing accuracy.
Whether detecting mobile location for CNP transaction verification or reviewing suspect fraudulent cases, LocationSmart enhances financial services security measures and increases consumer confidence.
Put LocationSmart to work for your business and recognize the benefits of integrating location intelligence into your financial services.
LocationSmart helps financial companies, merchants and intermediaries provide superior fraud management and transaction verification to enhance customer confidence and satisfaction. Assisting financial service companies with multi-factor location transaction authorization helps banks and merchants save significant time and money.
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