Glossary

Merchants’ Negative Lists

These are the lists created by the merchants in order to mark the clients with whom the merchants experience some problems. In this meaning, the list involves the structure designed by the vendors which can be presented in the form of the record of the personal data and transaction history of unreliable customers.

The credit/debit cards which were operated, or that are suspected of having been operated in dishonest transactions are stored in a database, and after having been placed to the negative list, they will always be declined by the trader’s system. The aim of such lists is to avoid any potential threats to the vendor’s account. Additionally, it assists in decreasing any losses of the funds.

Nowadays, there are various fraud-screening software alternatives, so the trader has to choose the appropriate one. The software provides the merchants with the opportunity of automatically place customers to the negative list based on the next classification: IP address, e-mail, the number of the credit/debit card, country, and city along with region.

The vendors also have the chance to cooperate with a community of merchants in which data about untrustworthy customers gathered by thousands of traders in order to make a list of individuals that were placed to the blacklist earlier.