How Does NoFraudThanks Work?
Whenever a new stolen credit card information is detected, it is instantly compared against past transactions. We notify all of our customers if we detect a transaction signature matching this detected stolen credit card. This novel approach enables us to protect our clients in real-time and also to notify them to stop a pre-approved purchase.
Once the client is registered to our system, they integrate into NoFraudThanks system by using our well documented API. Before each purchase, which will be done from the client's website, it sends us a transaction signature. This signature includes the encrypted hash value of the credit card, the IP and the delivery address provided by the user. We check the signature in our databases and try to correlate this information with past incidents. Our system calculates a score based on these findings. If the signature of the card is already in our database, the transaction should be stopped immediately. If it is not in our database, we return a risk score based on past incidents.
Unlike other solutions which gives you a probability of a fraud attempt, NoFraudThanks technology offers %100 accurate fraud information for each transaction.
PAY ONLY WHEN YOU DETECT A FRAUD
We have a base membership fee and we only charge when we successfully prevented a fraud. All other transactions are verified from our fraud database free of charge.
We have a well documented API which allows you to integrate with your services in just 2 minutes and provide 7/24 support for integration.
EXPERTISE IN CYBER DOMAIN
Our expertise in cyber domain helps us to monitor ever-changing dynamics of cybercrime. and monitor all illegal activity of cybercriminals.
We detect stolen credit card information and malicious IP addresses from multiple darknet websites and services.
MACHINE LEARNING TECHNOLOGY
We correlate transactions in our client network by combining the intelligence we received from darknet. This combined approach enables us to detect current and future fraud attempts.