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CHARGE BACK AND FRAUD DETECTION SYSTEM

CHARGE BACK AND FRAUD DETECTION SYSTEM


Article By MeChat Universe

October 5, 2021, 2:16 am

CHARGE BACK AND FRAUD DETECTION SYSTEM

MeChat implements a defense-in-depth security system to include preventing malicious transactions and chargebacks. Below are a few of our preventative detection solutions. 

 

General Detection

  • On all invoices, MeChat name will display with a Dynamic Title in the following format: MeChat *Product Name
  • Each digital wallet will form its own Sub TIDs to isolate suspicious accounts and prevent a single customer from shutting down the whole universe.
  • Signed Agreement (includes KYC/AML, Terms, and more) by Digital Wallet owners
  • Create sub categories for parent categories such as FINANCIAL SERVICES
  • Check customer’s Business URL
    • to verify if customer really has a running website,
    • website must be on a HTTPS, or higher security transport protocol such as TLS
    • Verify through their quality and authenticity of business.
  • NO FOREX ACCOUNTS
  • CSV batch files for International transactions

 

Low Risk

  • When REs add their first 3 products and services MeChat may take up to 24 -48 hours to view the products before making it live.

 

Medium and High Risk

  • When REs add any products and services MeChat may take up to 24 -48 hours to view the products before making it live.

 

 

 


 

 


 

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