Velocity Checks: What You Need to Know

Velocity checks are designed to detect suspicious activity by monitoring the speed at which transactions are processed. They are particularly useful in the digital currency market, where rapid transactions may indicate fraudulent activity.

Velocity Checks for Card Testing Fraud: Detection and Tuning

How does it work?

• Monitors transaction speed.
• Flags transactions that exceed normal spending limits.
• Can lead to account closures or temporary holds.

Card Testing: A Detailed Look

Card testing involves using legitimate card details to perform a small transaction. This process verifies the card's validity and helps in identifying fake cards or compromised accounts.

velocity checks vs card testing

Key aspects of card testing:

• Performs a small, legitimate transaction.
• Checks card expiration and security codes.
• Indicates if the card is active or has been reported stolen.

Choosing Between Velocity Checks and Card Testing

When deciding between velocity checks and card testing, it's important to consider your specific needs. Velocity checks are more about detecting anomalies in transaction speed, while card testing provides a direct verification of card validity.

velocity check fraud detection card testing

When to use each method?

• Use velocity checks to monitor and prevent high-risk transactions.
• Use card testing for direct verification of card validity and to identify potentially fake cards.