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Fraud Prevention Tools

There are several tools available that will assist in preventing fraudulent transactions in your storefront.

2FA is functionality that requires a gift card to be blocked and unaccessible until a recipient validates their email or phone number.

Captcha will handle all card provisioning tasks, and will respond with an object containing the results of the provisioning operation.

The redemption component will initiate a One-Time Password (OTP) validation process. Upon successful completion, it will display a widget containing all the necessary details for gift card redemption.

The Gift Card Market platform features state of the art Automated Stop Loss functionality to prevent fraudulent transactions.

2FA Blocking​

The 2 Factor Authentication (2FA) feature in the Gift Card Market's suite of services is a functionality that requires a gift card to be blocked and unaccessible until a recipient validates their email or phone number. When a card is first created by the provisioning service, it will be disabled until the first time a user successfully completes the One Time Password verification process.

This prevents bad actors from programatically redeeming cards using fraudulent payment methods.

Details of the 2FA token:

  • The token expires after 10 minutes
  • After 5 failed attempts, the token is invalidated

Captcha​

Captcha can be enabled during the checkout experience for the embeddable storefront and white label integration options. This requires that users go through a series of steps to verify they are a human.

One Time Password​

The One Time Password step in the redemption process verifies that only the targeted recipient can redeem the giftcard. An email or SMS is sent to the recipient, based on the original card delivery method, containing a 6 digit code. The recipient will have 10 minutes, or 5 attempts, to validate before the One Time Password expires or is invalidated. Successful validation generates a time limited authorization key, which combined with several other security factors, restricts access to only the intended recpient.

Automated Stop Loss​

Our proactive monitoring will analyze transactions real-time, and if activity exceeds threshholds that you define, the storefront will automatically block all future transactions and display a message to the user indicating that 'we are sold out for the day'.

Automated Stop Loss can be configured for all integration methods.