Fraud and risk detection services (FDS)

Welcome to Cross River fraud detection services (FDS). Digital transactions are always getting more complex. This exposes merchant partners—our customers—to greater risk. Ensuring the security and trust of our customers and their cardholders is always Cross River’s top priority. Therefore, Cross River designed its fraud detection services to protect online card payments. Our aim is to provide our partners with peace of mind while they conduct digital transactions.

This page describes briefly the key services making up Cross River’s fraud prevention strategy.

• Address verification service (AVS).
  AVS plays a key role in stopping fraudulent card payments from happening. During a transaction, the consumer provides a billing address. They do this through the merchant’s website. AVS checks that address’s accuracy against the address that’s in the hands of the card issuer. By confirming this information across systems, Cross River can detect mismatches instantly. Those differences could indicate a possible unauthorized transaction.
  
  

• Account name inquiry (ANI) service.
  ANI confirms that the account holder's name is the same one listed at the issuing bank. This provides an added layer of checking. This check is important because it helps identify mismatches between the cardholder's name and the transaction details. Here too, those differences could indicate a fraud attempt.
  
  

• Card validation value 2 (CVV2).
  CVV2 offers extra defense against unapproved card usage. The CVV2 is a three- (or four-) digit code. That code appears on the back of a payment card. When buying something with their payment card, the consumer has to enter this code into the merchant’s website. As the merchant acquiring bank, Cross River forwards this code to the card network. Then, the network can get payment approval from the cardholder’s bank. CVV2 ensures that the person making the transaction physically has the card. As a result, no one needs to rely on card information that might have been stolen.
  
  

• Token validation service (TVS).
  Tokenization is a powerful security measure. Tokenization replaces sensitive card data with unique security tokens. Cross River TVS ensures that the token used in a transaction is authentic and hasn't been tampered with. This reduces the risk of data breaches. That’s because the actual card details remain stored in way that’s secure.
  
  

• OFAC (Office of Foreign Assets Control) compliance.
  OFAC makes sure that card payment transactions comply with the law. Cross River OFAC screening APIs check transactions against the OFAC list. That list contains sanctioned people and organizations, meaning, those not allowed to make transactions in the United States. OFAC screening is proactive. It identifies and prevents financial interactions with restricted entities. Through OFAC, Cross River maintains the integrity of transactions taking place in its banking ecosystem.