RE: [registrars] Credit Card Problem

[Rick Wesson <wessorh@ar.com>]

Bhavin,

perhaps you could write a paper on fraud mitigation so those registrars
not attending Shanghai can also take advantage of your techniques.

I'm happy to colaborate if you don't have time to write it and just want
to throw some text my way.

-rick


On Thu, 26 Sep 2002, Bhavin Turakhia wrote:

> 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
> > >
> >
> >
> >
>