MasterCard has introduced a new fraud prevention tool to help SMEs control, prevent and monitor e-commerce transactions in real time.
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Known as Simplify Controls, the new solution will enable users to customize their fraud settings such as transaction size, country of origin and repeat transactions with a mobile app and desktop dashboard.
Simplify Controls also provides smart alerts that will keep merchants aware of potentially fraudulent activity.
The platform is a complement to firm’s Simplify Commerce, which helps merchants in maximizing online sales by separating legitimate orders from fraudulent transactions. It is available through plug-and-play software development kits (SDKs) and application program interfaces (APIs).
MasterCard Simplify Commerce global lead Deborah Barta said: "Simplify Controls can help business owners grow sales and breathe a little easier knowing that bad transactions will be declined and good transactions will get through."
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By GlobalData
