<Enhancements to the existing product>
Now WAY4 offers a further tool to monitor and prevent fraud related to purchase returns, both in-store and e-commerce. It helps merchants and acquirers to decrease their fraud losses and financial institutions to comply with the latest IPS recommendations.
For each refund, WAY4 checks in real-time whether its amount matches the original purchase amount. If the goods are returned in portions, WAY4 would sum up all the related refund transactions and compare their total to the original purchase total.
If the refund exceeds what the buyer initially paid, WAY4 can block the return operation, upon parameter setting.