Overview
Cedar takes a proactive approach to preventing fraudulent activities and ensuring the security of your transactions. We use advanced systems and tools to monitor and assess the risk of each transaction, helping to detect and block potentially fraudulent behavior before it can affect your business.
Key Measures Cedar Takes to Prevent Fraud:
Internal Decision Support System
Cedar employs a decision support system that evaluates the risk of each transaction using intelligent risk assessment rules. This system automatically analyzes multiple factors, such as:
Geolocation of the transaction
Transaction history of the merchant and customer
Behavioral patterns and other data points that may indicate suspicious activity
Real-time Fraud Detection
Transactions are continuously monitored for signs of potential fraud, with immediate action taken to block or flag any transactions that may pose a risk.
Tools for Merchants
Cedar provides merchants with tools to further secure their accounts and transactions, including Multi-Factor Authentication (MFA), which adds an extra layer of protection against unauthorized access.
Transaction Monitoring
Ongoing monitoring and pattern recognition help identify any unusual activity that could indicate fraud, allowing Cedar to intervene promptly.
Collaboration with Financial Institutions
Cedar partners with reputable financial institutions and payment processors to ensure compliance with industry standards and regulatory requirements, further reducing the risk of fraudulent activity.
Your Role in Preventing Fraud:
As a merchant, you can help prevent fraud by following best practices for account security, such as:
Enabling MFA for an added layer of security
Regularly reviewing transaction activity for any discrepancies
Following all recommended security guidelines provided by Cedar
If you have any questions or concerns about fraud prevention, please contact us at support@cedar.money.