Prevent Fraudulent Transactions with SHAZAM Card Block

We recognize how crucial it is to protect your financial institution and cardholders against fraud losses. Because of this, we provide SHAZAM Card Block, a cost-effective solution that enables you to quickly and proactively block transactions to stay ahead of fraud trends.

SHAZAM Card Block is available on SHAZAM Access, where you can choose criteria from a simple drop-down menu. In addition, you have the option to evaluate every block using your chosen criteria before any blocks are applied.

Blocking transactions from foreign countries where fraud has been detected is just one of the numerous valuable applications of SHAZAM Card Block. Blocking a combination of state, merchant category code and dollar amount transactions on compromised primary account numbers is another application of SHAZAM Card Block. This application can assist you in quickly detecting and stopping fraudulent activity before it results in a loss.

SHAZAM Card Block also allows you to stop questionable businesses from processing fraudulent transactions by blocking transactions at their terminals. Additionally, by limiting merchant category codes, terminal numbers and currency amounts, SHAZAM Card Block can prohibit fraudulent test transactions and discourage scammers.

By removing cards from bank identification number (BIN) -level blocks or establishing blocks at the level of a specific cardholder, SHAZAM Card Block also allows you to meet cardholder-specific requirements. You can omit a cardholder from your BIN block, for instance, if they will be traveling abroad and you don't want to restrict the transactions.

Resources to Assist You

To ensure that your staff has all the knowledge they need to get up and running quickly, training sessions and a quick reference guide are available on SHAZAM Access. Additionally, help menus can provide instant answers to any queries you may have.

In conclusion, SHAZAM Card Block is a powerful and efficient solution that enables you to protect your institution's cardholders against fraud losses. We're always looking for ways to improve the effectiveness of Card Block. We'd love to hear which BIN blocks have worked best for you, as well as what new blocking capabilities you'd like to see added and why. Please take a minute to share your thoughts in our brief survey.