This slide show you how to prevent online fraud cases, e.g credit card payment, using the velocity check feature offered by FraudLabs Pro. FraudLabs Pro is the leading solution provider for fraud prevention solution, and offering users free fraud checking service at no cost with the Micro Plan. It provides comprehensive solution to screen order transaction for potential frauds, and the demo here is only an example of one of the checking feature. For details, please visit http://www.fraudlabspro.com or simply sign up for a free account to try out the service. After all, it cost you nothing.

1. How to implement
velocity check in
OpenCart
By, http://www.fraudlabspro.com

2. Introduction
 This
demo show you step-by-step on
setting up a velocity check using the
fraud validation engine from FraudLabs
Pro (http://www.fraudlabspro.com)

3. Step 1: Install FraudLabs Pro plugin
 Download
FraudLabs Pro plugin for
OpenCart from
http://www.fraudlabspro.com
 Follow
the setup instruction inside the
downloaded ZIP and install the plugin.

4. Step 2: Configure FraudLabs Pro in
OpenCart (Settings)
Enable FraudLabs Pro
Enter License Key. You can sign up for a free license key
at http://www.fraudlabspro.com
Enable simulation of IP (8.8.8.8). An US IP address for testing.

5. Step 3: Configure Velocity Rule at
FraudLabs Pro merchant page
Log into FraudLabs Pro merchant page at http://www.fraudlabspro.com/login
Create a rule that if the total order amount > $200 within 24 hours, all incoming orders need
to be manually reviewed. (Assuming that your average daily transaction is less than $200,
therefore an alarm shall be triggered if it goes beyond this threshold)

6. Step 4: Test a purchase of $199 on
OpenCart
The transaction is being approved as it
didn’t exceed the $200 threshold.

7. Step 4: Test a purchase of another $105
on OpenCart
The transaction is flagged for review, as the total amount
($105 + $199) has exceeded the $200 threshold.

8. Conclusion

The velocity check helps you to unveil possible fraud attempt, e.g,
the carding attempt, to reduce your losses of possible chargeback or
product cost.

This velocity check not only be used for credit card payment, but the
paypal payment whereby you can have a red alert if a sudden surge of
your business transactions. It will be a great news if they are
legitimate sales order, but always be skeptical to make sure no one is
trying to defraud you.

After all, this can be easily set up with FraudLabs Pro service at no
cost with the Micro Plan. For details, please visit
http://www.fraudlabspro.com