Paystack takes a proactive approach to prevent fraud, employing a comprehensive set of security measures:
Advanced Decision Support System: Paystack uses an intelligent internal system that assesses the risk associated with each transaction or customer. This system applies sophisticated rules to evaluate transactions in real-time.
Automated Checks: The system performs automated checks on various transaction attributes, including geolocation, IP addresses, and behavioral patterns.
Historical Data Analysis: Purchase history and past behavior are analyzed to identify any anomalies or patterns that could indicate fraudulent activity.
Blocking Suspicious Transactions: If a transaction doesn't meet the required security standards or raises red flags during the risk assessment, it is automatically blocked to prevent potential fraud.
These preventive measures are designed to ensure that each transaction processed through Paystack is secure, reducing the risk of fraud and protecting both the business and its customers.