secupay Payments Glossary

We explain payment terminology from A to Z, including accounting and payment methods.

Fraud prevention

Fraud prevention is a dynamic security mechanism used in electronic payment transactions to prevent calculable payment defaults. secupay offers comprehensive services for checking creditworthiness and assessing a transaction’s risk during the payment process, to identify fraudulent intentions and prevent execution. If a payment default still occurs after the order has been completed, this can be covered for payments by direct debit and purchase on account through the secupay payment guarantee.