Additional fraud prevention
Banking.Live's robust rules engine PayRule includes functionality to configure and set customized rules, velocity rules and entity blocking rules.
You can read more on PayRule here.
Customized rules
You can have highly customized rules for cardholder segments you define by using Banking.Live's Groups feature.
Your customized rules can be different combinations of any of the metrics available in Transaction classification, Trigger metrics and Action optionality.
Velocity rules
Velocity type rules allows you to place thresholds and caps on transaction volumes, amounts, transaction types or capture modes.
You can read more about these types of rules here.
Blocking entities
You can block and decline transactions to defined entities, including:
Merchants
Merchants can be blocked and transactions can be declined based on:
- merchant ID
- merchant/retailer name
- merchant location (postcode, city, country)
- Merchant Category Code (MCC)
Locations
Locations can be blocked and transactions can be declined based on:
- postcode
- city
- country
- local currency
POS terminals
Terminals can be blocked and transactions can be declined based on:
- terminal location (postcode, city, country)
- on/off premises
- cardholder presence
- terminal attendance
- CAT (Cardholder Activated Terminal) level
- Card capture capability
- termainal capability
Configuration
Find details on how all these are configured here.
Updated 7 months ago