PayCertify is a electronic verification and authentication technology that provides a solution to online businesses facing the substantial loss of revenue from payment fraud. This multi-step process recognizes fraud and certifies authenticity giving online businesses several tools in a single integration.
How does it work?
PayCertify Gateway bundles effective verification tools to provide the most reliable detection of online fraud allowing merchants to do a single point integration by conducting a thorough check of the buyer before the card is processed. This will generate a policy to guarantee the transaction. If the transaction passes these two checkpoints, an authorization occurs allowing their transaction to be authenticated by the proprietary PayCertify verification method. Once the transaction is verified the charges will be processed.
Why do I need PayCertify Gateway?
Fraud has increased 11% since October and 215% from last year. There were 27 attacks (fraudsters posing as good paying customers) for every 1,000 transactions conducted in the last quarter of 2015. The Global Fraud Index™, a PYMNTS and Forter collaboration, reports a 150% increase in dollars at risk for online businesses and 83% of fraud attacks that deploy malicious fraud tools called "Botnets" (networks of infected computers) to mount attacks.
PayCertify Gateway provides an effective solution to detect these malicious attacks and fraudsters to reduce the revenue at risk by guaranteeing the transactions and certifying the person making their payment.
"We are very pleased with the results our proprietary payment platform has been delivering to our resellers, channel partners and enterprise merchants. We are excited to have partnered with the team at Lans Holdings, Inc., in our collaborative efforts to co-develop and distribute our payment platform to many vertical markets." - Chase Harmer, CEO of PayCertify
"For years retailers have been facing the challenges of payment fraud; there are some great tools in the market place, however they are fragmented and not cohesive. Launching the PayCertify Gateway provides a powerful fraud-fighting tool for online businesses to make drastic cuts in lost revenues. We are excited for opportunity that this collaboration provides for Lans Holdings. The relationship with PayCertify is consistent with our strategy to improve our client's payment eco-systems and driving more profit." - Lans Holdings, Inc.
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