Payment Risk Management

In today's business environment, it's essential for organizations to be able to management 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 Verfication 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.

ABOUT GOVOLUTION

Velocity is an electronic payment system and service provided by Govolution, LLC, a  wholly-owned subsidiary of First American Payment Systems. Velocity has been honed to meet the strict technical, financial and security standards of the U.S. Federal Government. Starting with payment processing, its modules enable a full spectrum of business activities including back-end reporting, data management and administrative tools that integrate with legacy accounting, cash management and CRM systems.