Vantiv Announces New eCommerce Fraud Toolkit Service Levels

Vantiv Announces New eCommerce Fraud Toolkit Service Levels 

Three-tiered service lets customers select level that best complements their fraud strategy

SAN FRANCISCO, Oct. 22, 2015 - Vantiv, Inc. (NYSE: VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, today announced three service levels for the company's eCommerce Fraud Toolkit. The levels - Basic, Advanced Best Practices and Advanced Custom - allow organizations to select the precise level of service that best matches their specific fraud requirements.   

"Implementing an effective fraud prevention strategy is not a 'set-it-and-forget-it' proposition. Fraudsters are organized, persistent and adaptive. Keeping up with and countering their ever-changing exploits requires an equally vigilant and highly proactive approach - especially with the expectation that fraudsters will increasingly turn to online channels, given the anticipated adoption of chip-and-pin," said Kasturi Mudulodu, eCommerce fraud lead at Vantiv. "Our eCommerce customers will now be able to choose which one of these three distinct approaches best complements their fraud strategy."

Service Levels Defined   

The eCommerce Fraud Toolkit's Basic configuration level includes Vantiv's seven essential card-based fraud filters - address verification service, card velocity check, international issuance, prepaid, prior chargeback, prior fraud alert, and card security code - along with a configurable rules engine to identify and screen payment card misuse involving atypical purchase behavior. 

Advanced Best Practices builds on the capabilities of Basic and adds sophisticated functionality - including device fingerprinting, IP geolocation, and fraud scoring - along with best practice rules configurations developed for specific industries. These rules are based on real payment and fraud history across Vantiv's eCommerce customer base. Vantiv constantly reviews and adjusts these rule sets in an effort to stay ahead of emerging threats. 

The highest level of service - Advanced Custom - gives users the tools, resources and guidance to counter their particular exposure to fraud attacks. Advanced Custom includes the features of Advanced Best Practices as well as the services of a dedicated Vantiv fraud consultant who monitors trends, identifies vulnerabilities and works with customers to refine their rules, minimize fraud and maximize good revenue.

Also included at this level is a rules optimization exercise coordinated by the assigned fraud consultant in conjunction with Vantiv's partner ThreatMetrix(TM), a global leader in cybercrime prevention. 

Additionally, Advanced Custom provides customers with their own web console to monitor transactions, adjust fraud rules and manage whitelists/blacklists-all in real-time.

Vantiv's Fraud Toolkit is one of several eCommerce Fraud and Data Security value-added solutions that - along with related Revenue Growth and Analytics and Reporting services - help users drive lasting and profitable customer relationships.

For more information about Vantiv, please visit vantiv.com or on Twitter, Facebook, LinkedIn, Google+ and YouTube.

ABOUT VANTIV, INC.
Vantiv, Inc. (NYSE: VNTV) is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. We build strong relationships with our clients, helping them become more efficient, more secure and more successful. Vantiv is the second largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high-growth channels and verticals, including integrated payments, ecommerce, and merchant bank.

      
© 2015 Vantiv, LLC. All Rights Reserved. All trademarks, service marks and trade names referenced herein are the property of their respective owners.  Vantiv and other Vantiv products and services mentioned herein as well as their respective logos are registered trademarks or trademarks of Vantiv, LLC in the U.S. and other countries.

CONTACTS

Lori Stafford-Thomas
Director, Public Relations
970-335-4904
[email protected]

Beth Sullivan
Manager, External Communications
513-900-4212
[email protected]

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