Anti Fraud

 

Trading via the internet does expose Merchants to risk of both Payment Fraud and Identification Fraud

Payment Transaction Fraud

BNZ Merchants using Buyline and or Currency Select, have transactions monitored for some fraud activity by the BNZ

ETSL Paymark transactions provide some basic fraud control.

In addition Zipzap provide ETSL merchants with an additional Anti Fraud capability, selectable by the merchant to invoke our anti fraud heuristics, Zipzap provides an advanced level of Anti-Fraud control for their customers.

Some of which include:

CV - Card Verification
SCL - Stolen Card Lookup
HRC - Historical Records Check
CVV - 3 digit number printed on credit card (available for some acquiring banks)
AVS - Address Verification Service (available for some acquiring banks)
RUV - Referring URL Verification
IPB - IP address listing ban control
EAB - Email address ban control
CBC - Country ban control
and others ....

Anti-Fraud Level
Applicable to:
Type1
BNZ Buyline & Currency Select
Type2
ETSL Merchants
Type3
Zipzap Anti-fraud Heuristics


Highly Recommended Reading

Reducing chargebacks
AIS Security Standards
Protect your Identity
Identity Theft News

Identification Fraud

Unique to Zipzap, our Merchant Protection Solution provides the merchant with protection against ID Theft i.e their username and password being snooped or stolen by keystroke loggers, and authenticates the merchant user PRIOR to entering your virtual terminal or online banking website.

Typically, banks only provide a username and password to access your merchant account via your web browser. At best this provides you with ONLY a single factor of identification.

VISA's Account Information Security (AIS) standards identify that a single factor identification process is NOT enough protection for merchant account access...see VISA website

© Zipzap Payment Gateway
All prices are in NZD unless stated otherwise, and exclude GST

Supporting Information

 

Universal Problem
- when accessing bank accounts via web browser.

Typically, a username and password is provided by your bank to access your merchant account via your web browser. At best this provides you with ONLY a single factor of identification.
 

Reports are available of NZ bank clients having their username and password snooped or stolen by keystroke loggers and unauthorized others ....see NZ Herald News Report

 
Banks’ reimbursement of customers for losses to internet theft or fraud:
BNZ: $245,000 in 26 cases over the past year.
Westpac: $160,000, mostly in the past year.
Kiwibank: About $4500, to 34 customers. ....see NZ Herald News Report
 
A sweeping review of internet banking security is being done after international criminals stole up to $100,000 from online customers. ....see NZ Herald News Report
 
Online ID theft a worrying trend for banks .... see NZHerald Report