Way4 Release News

BIN Attack Fraud Prevention

Written by Guest User | October 15, 2018

<Enhancements to the existing product>

We introduced a new risk rule in WAY4. Use it to define how many cards issued by you can be used at the same POS terminal over a short time interval. When this limit is exceeded, it may be an indication of BIN attack fraud. Now WAY4 can identify this suspicious situation, block operations for all cards with the related BIN, and notify your staff.

BIN attack fraud may happen on the theft of a pool of cards not yet delivered to the customers.