RE: [registrars] Credit Card Problem

["Bhavin Turakhia" <bhavin.t@directi.com>]

Hi,

Apart from Directi, I also run a separate company called Transecute.
Transecute is a payment gateway service (the first one in India) and
serves the largest ecommerce customers in India.

Most of my work and contribution in Transecute has been towards building
a comprehensive fraud detection engine, and I am happy to say that over
the past 2 months, the engine has detected almost 100% (about 2
transactions went thru undetected) of all fraudulent transactions. I
have specially designed a custom engine that claculates a risk value for
each transaction based on a large number of variables.

While I cannot offer this service (since Transecute currently operates
only in India) I can share a large number of valuable techniques and
information with all of you at Shanghai. 2 years ago, when we started
out I have seen some of our clients hit bad due to chargebacks.
Fortunately I have had enuf learning at the cost of others :) ..... And
as of now Transecute has the minimum chargeback ratio with our acquirer.

Best Regards
Bhavin Turakhia
Founder, CEO & Chairman
Directi
----------------------------
Tel: 91-22-6370256 (4 lines)
Fax: 91-22-6370255
http://www.directi.com
----------------------------

> -----Original Message-----
> From: owner-registrars@dnso.org 
> [mailto:owner-registrars@dnso.org] On Behalf Of Rick Wesson
> Sent: Wednesday, September 25, 2002 11:54 PM
> To: Michael D. Palage
> Cc: registrars@dnso.org
> Subject: Re: [registrars] Credit Card Problem
> 
> 
> 
> Lets have a session on this in china.
> 
> -rick
> 
> On Wed, 25 Sep 2002, Michael D. Palage wrote:
> 
> > As I have indicated to the list in the past credit card 
> problem is a 
> > growing problem within our industry, in fact I was surprise 
> to hear on 
> > Register.com's Third Quarter 2002 Update Conference Call 
> how bad the 
> > problem is. http://biz.yahoo.com/cc/2/21512.html.
> >
> > I would really like to assemble a group of people to start 
> looking at 
> > this problem. Moreover, if there is a mechanism to both 
> reduce credit 
> > card fraud and enhance the accuracy of the Whois data this 
> could be a 
> > win-win situation.
> >
> > Let me know if anyone is interested.
> >
> > Mike
> >
> 
> 
>