OREANDA-NEWS. October 30, 2012.  CyberPlat® payment system has provided its customers with an innovative service to monitor payments increasing the safety of payment transactions and enabling timely detection of various types of fraud.

The service of fraud monitoring allows you to detect, using specified criteria, and analyze suspicious transactions coming from all payment acceptance outlets, connected directly to the processing center of CyberPlat® system.

In case of identifying suspicious transactions, the customer is sent notifications which are formed automatically as an SMS or an e-mail message. At that a special highlighted line in the dealer’s Personal Account indicates the need to check the Payment Monitoring section. Upon receiving the information about suspicious transactions, the customer of CyberPlat® payment system using the attached link can view all of the payments made, and in the case of suspected fraud the customer can block the operation of that payment acceptance outlet.

The proposed technological solution can significantly reduce the risk of fraud and related losses. Customers of CyberPlat® payment system now have the opportunity to set the minimum payment amount subject to monitoring and change notification thresholds for unusually quick and repeated payments to the same number.

The service of fraud monitoring is integrated into the interface of the customer’s online account which makes it available to all CyberPlat® contractors. Using the fraud-monitoring system allows retail networks, banks and payment terminal chains to prevent a vast majority of attempts aimed at stealing money.

Unfortunately, the rates of cybercrimes in the world are increasing at an unprecedented pace. Criminal methods and technologies are improving and becoming more and more sophisticated. We are forecasting a sharp rise in attempts to steal money from the customers of payment systems and banks. Therefore, our company after a comprehensive review of the situation has created a highly efficient mechanism for combating fraud that can protect the interests of our customers, as well as their funds, not only for the moment, but in the foreseeable future. We care about our customers and want to be not only a reliable and efficient partner, but a company providing the best financial products and services. The new service is convenient and efficient — when everything is fine, it simply analyzes payment transactions, but if something goes wrong it allows combating fraud timely and effectively", — said Andrew Gribov, CEO of CyberPlat® payment system.