Velocity Checks

Overview

Velocity checks help to identify unusual patterns of behaviour, such as a suddent increase in transaction frequency or monitor and control the frequency of transactions. When a defined velocity limit is reached, Acquired will block further attempted transactions. 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 both MID, or company level.

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:

1. Firstly, go to the Settings menu and from the Company tab open the Fraud section.
2. In the Velocity Checks section select + Add Checks.
3. Configure the required checks and save.

For more information on Velocity Checks, please contact [email protected].