Payment Risk Management
In today's business environment, it's essential for organizations to be able to manage the risk associated with payment processing. The Velocity Payment System provides many product features to reduce the risks associated with payment processing. Some of these features include:
- Address Verification Service for Credit Card Payments
- Card Security Code Verification for Credit & Debt Card Payments
- Credit Card Chargeback Management
- ACH Return Management
- Credit/Debit Card BIN Range Blocking
Additionally, the Velocity Payment System provides functionality to enables clients to configure the system to automatically block future payments based on prior events such as credit card Chargebacks and ACH Returns.
These features, combined with detailed reporting, enable clients to actively monitor and manage their payment risk.