Velocity Checks
Overview
Velocity checks help to identify unusual patterns of behaviour, such as a suddent increase in transaction frequency or monitor and control the frequency of transactions. When a defined velocity limit is reached, Acquired will block further attempted transactions. Velocity checks can be applied by setting minimum and maximum amounts for single transactions, or applying a total maximum limit for the volume and value of transactions processed daily or monthly. We can also set a limit on the number of attempts made by a single cardholder. Velocity checks can be configured at both MID, or company level.
Velocity Checks can be implemented on the following factors:
- IP Address
- Email Address
- Phone Number
- Refund Amount
Any transaction attempts made after the maximum count has been achieved will result in a blocked
status, advising the transaction could not be completed.
Configuring Velocity Checks
A user with Manager permissions can configure the Velocity Checks directly in the Acquired.com Hub. See the below steps to guide you through the steps required:
- Firstly, go to the Settings menu and from the Company tab open the Fraud section.
- In the Velocity Checks section select + Add Checks.
- Configure the required checks and save.
For more information on Velocity Checks, please contact [email protected].
Updated 28 days ago