Ensure that bank cards actually belong to users and say goodbye to illegal chargebacks forever
Prevent all chances of fraud, both during registration and prior to the transaction. Safeguard your business from lost revenue, damaged payment partner relations, or even a nightmare-scenario chance of account termination.
Detect graphic editor tampering and get a digital trust score to see if the bank card is trustworthy, at a glance.
Automatically compare card data with identity information received during KYC checks. Sensitive information is blurred and is not stored in the database.
Discover suspicious activity with the help of behavioral risk scores based on the users’ IP address, device fingerprint, and other fraud cues. Cross-check against the 1M+ fraudster database for extra security.
Run biometric liveness checks in under 4 seconds and identify if the buyer is the owner of the bank card, on any device.
We take data protection very seriously. You don’t have to worry about sensitive bank card information: it’s blurred automatically in accordance with PCI DSS, with all data kept on secure servers. Everything we can do to ensure protection is already in place.
Deputy Group Head of Compliance at Capital.com
The Sumsub's Fast-Fail feature informs the client immediately about any issues with their documents during the approval process, which is a significant improvement to our users’ experience. Moreover, features such as liveness and structured blocklists help us prevent most cases of fraud instantly.
Co-Founder and CEO at Oobit
We love the fact that Sumsub provides the user with either a verified acceptance or rejection immediately. This saves users’ valuable time and makes the onboarding experience far more convenient and user friendly.
Chargeback fraud (also called “friendly fraud”) is the process of claiming refunds for illegitimate reasons. The fraudster initiates the chargeback process with the bank by filing false complaints and authorization complaints online with stolen cards and bank accounts. Without proper chargeback prevention, fraud can cost companies a fortune in the long run and undermine reputations with payment partners.
Chargeback prevention is a set of verification measures made to thoroughly screen the cardholder and their bank card before a transaction can be made, which can be performed with verification software tools. The purpose is to prevent illegitimate transactions made with stolen bank cards and chargeback disputes altogether.
Chargeback fraud and illegitimate refunds can be prevented with proper bank card credibility analysis and user verification prior to a transaction. Ensure that your new users have legitimate documents and that their bank card matches their identity. By performing this security measure, you fight back against scammers trying to abuse stolen bank cards to issue chargebacks later on, as well as other scams and friendly fraud chargebacks. Sumsub provides a chargeback fraud prevention solution crucial in achieving fraud prevention.