BSG Clearing Solutions (BSG), the leading provider of payment and risk management solutions for communications service providers and e-commerce merchants, announced today the deployment of a value-added Credit Card Processing enhancement to guard against prepaid / gift card fraud currently not addressed by other payment providers.

Intended for card-not-present (CNP) merchants, BSG’s new Card Identification System combines the identification of the specific card type and card class with usage data and sophisticated heuristics to accurately identify prepaid / gift cards and track purchase attempts. Merchants are especially prone to abuse from these cards because they are disposable, anonymous and typically do not support verification techniques like address verification. BSG’s Card Identification System goes far beyond the commonly used, simplistic routines that are based merely on country-of-origin information obtained from the Bank Identification Number, thereby reducing risk exposure and fraud, while optimizing revenue for merchants. These technological advancements further solidify BSG’s Advanced Payment Gateway (APG™) as the most comprehensive payment solution in the industry.