<New feature, separately licensed>
Now Way4 can run transaction details through Mastercard Safety Net before any other risk management system if the transaction involves a Mastercard-branded payment product. This new step in the issuing authorization can increase the chances of detecting and preventing fraud. Safety Net helps protect issuers from large-scale fraud events by providing network-level monitoring on a global scale.
We have developed the new interface in compliance with Mastercard’s requirements. Way4 can verify the transaction via Safety Net as the first step. It also reports back to Safety Net if anything suspicious was revealed at a later stage of the transaction processing. The report can include a fraud alert from Way4 itself or from a third-party system. There are other events when Safety Net can be notified: for example, when the card balance was insufficient for the requested amount.
If the transaction was declined by Safety Net, Way4 can also pass this information to other risk management systems for analysis and improvement of fraud-detection algorithms.