FraudLabs Pro added 3 new tips to lower chargeback rate

SARASOTA, Fla. - April 16, 2015 - PRLog -- Are you ready for FraudLabs Pro’s new features? In the new release, FraudLabs Pro is extremely excited to share with you the enhancements that have been made.

We hate fraud and chargebacks. Merchants need to be alert and take the responsibility to ensure that every transactions goes smoothly. FraudLabs Pro has set up a small team to discuss and several studies have been conducted before they decided to add in the three awesome features, listed as below.

Export Controlled Country Validation
Many countries have different export restriction. FraudLabs Pro implemented restrictions in place based on merchant’s country that regulates all trades to certain countries. If you have enabled this rule in filter list, FraudLabs Pro will trigger warning if the shipping address is in any export controlled country. This feature works for US merchants only at this moment.

Case study: If your store is at US and a customer placed an order with the shipping address in Cuba, FraudLabs Pro will flag this order as high risk.

Malware Exploit Validation
There are millions machines infected by malware or Trojan horse. FraudLabs Pro detects and highlights if the IP address has been infected by malware. An exploited machine can be controlled remotely to perform fraud transactions without leaving a trace.

Case study: FraudLabs Pro will flag an order as high risk if the IP has been reported to Spamhaus

High Risk Login & Password Validation
During High Risk Username and Password Validation, we determine if account setup (username and password combination) is insecure or easy to penetrate under brute force attack. FraudLabs Pro actively research and identify exploited accounts through public domain information. There is currently 10 million records in the database and growing.

Case study: FraudLabs Pro will flag an order as high risk if the login and password credentials are found in our database

The easiest way to deal with chargebacks is to prevent it from happening in the first place. And so, fraud prevention is essential to protect your business from unwanted threats. Keep your online transactions safe by monitoring the odd behaviours and notifies you when a high risk transaction is captured.

FraudLabs Pro is giving free MICRO plan for all small and medium businesses with up to 500 sales transactions per month!

Find out more today at http://www.fraudlabspro.com.