Velocity Checks

Overview

Velocity checks help to identify unusual patterns of behaviour, such as a sudden increase in transaction frequency or multiple transactions within a short time frame. This may indicate compromised cards or potential fraudulent activities. Any transaction attempts made after the velocity limit has been reached will result in a blocked status, advising the transaction could not be completed.

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 either MID or company level to prevent abusive or excessive use of your services, protecting your business and customers

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].