Velocity Fraud Checking

With Velocity Fraud Checking, you can reduce fraud potential in your two most vulnerable areas, at the pump and with employees.

At-the-pump transactions are deemed high risk because there are no employees present to perform identity verification checks on card transactions, making it easier to pay with stolen cards. With Velocity Fraud Checking, limits can be set to the number of times a consumer's credit card can be used at pumps in single or multiple locations in a designated time period. Cards exceeding these preset limits are declined, virtually eliminating the possibility of fraudulent card usage.

Employee theft tends to occur during late night/early morning shifts when employees obtain card information from at-the-pump transactions and charge items to the card. Not only do stores face inventory loss, they are also hit with costly chargeback fees, doubling their losses. Velocity Fraud Checking allows manual transactions run at the checkout counter by employees to be checked against cards previously swiped at the pump and declined, virtually eliminating employee fraud.

Benefits of Velocity Fraud Checking:

  • Reduce fraudulent transactions - Limits the number of times cards can be used at the pump in a specified time period, decreasing the possible use of a fraudulent card
  • Verifies all Visa, MasterCard, American Express, Diners' Club, Discover, JCB and bank cards
  • Multi-store acceptance - Stores that are part of a chain or an entire chain can sign up
  • Real-time decisions - You are instantly alerted to the possibility of fraudulent activity by declined transactions at the pump and in the store
  • Flexible risk specifications - Group a store or stores across a chain by risk levels that you define. For example, stores located by busy highways can be grouped at a higher risk level and issued stricter usage limits than those in smaller, rural areas
  • Decrease employee fraud - Prevent employees from making purchases by manually keying in card numbers that have been authorized at the pump
  • Fewer chargebacks and retrievals - Reduce the potential of fraudulent transactions, resulting in fewer costly chargebacks and retrievals
  • Simple set-up - Host-based Velocity Fraud Checking seamlessly integrates into your existing POS terminal with no additional hardware or software requirements.