Cyberbit A/S announced today the rollout of Vfraud v.2.01 for payment service providers, ISOs and MSPs which do not have or only have minimal credit card antifraud tools in place.

    Nicos Andersen, Sales Director at Cyberbit A/S says: "The new version of Vfraud V.2.01 enables your company to customize every detail in the system to meet your organization's requirements and expand the system as your organization grows".

    The V.2.01 was successfully implemented at several small and medium sized payment service providers, who have been able to reduce their number of fraudulent transactions dramatically. Due to the dramatic decrease in chargeback handling and cardholder requests, this can make an impact profits. Vfraud v.2.01 will suit your organization, regardless of whether you only have one person or 25 people in your risk management and monitoring department, since it is a multiuser system with advanced reporting and alerting systems.

    Vfraud V.2.01 enables you to use your own data for instant flight data and validate it together with every transaction processed through a gateway. Every part of the system operates in real time, which means staff can take action as soon as an alert sounds. Historical data can also be processed through a filter, allowing the system to compare real-time data with historical data, providing a powerful tool to protect you from returning fraudsters.

    Vfraud v.2.01 comes as an unlimited version for the user, which means that all filters and protection models can be set up to fulfill the payment service provider's exact needs. Through its advanced API Vfraud v.2.01 can be integrated into any in-house or outsourced gateway.

    Vfraud v.2.01 also offers a reseller interface, enabling you to boost profits by reselling the services and functionality to interested parties.

    Nicos Andersen says: "Vfraud V.2.01 can be used by payment service providers, ISOs, MSPs and other large enterprises handling large amounts of transactions and who wish to reduce fraudulent transactions to increase profits". "For airlines and the traveling industry, too, Vfraud V.2.01 can make a huge impact on fighting fraud and decreasing the number of fraudulent transactions, he continues.

    Vfraud V.2.01 is unique in its development and setup and no other product on the market can offer you as much functionality and customization for the EURO dollar as Vfraud can.