TradoLogic, the world's leading binary options platform provider, has recently announced the launch of a wide array of pro-active compliance and fraud detection solutions, powered by a dedicated fraud detection team in Bulgaria. The company intends to provide the optional service starting September 1st and will extend the offer to both existing and new TradoLogic operators.
The new and improved service will evaluate client profiles and estimate potential risk. Any clients deemed questionable will undergo various methods of verification, including credit card verification, bonus and credit calculations as well as payout approval. Marketing Affiliates will also be tracked and monitored for the legitimacy of their clients and commissions.
Other services provided will include a friendly 'ask-for-documents’ procedure, developed to provide Binary operators with the necessary guarantees for deposits without causing inconvenience or complicating communications with their end users. An internal black list will be used, aimed at preventing future abuse from fraudulent individuals. Compliance and finance services will include trading volume calculations, bonus analysis as well as bank wire and western union processing.
"We are very happy that TradoLogic chose us to provide their white labels with our fraud prevention services", said Robert Kempf, Managing Director for the new operation. “Credit Card fraud has become one of the most feared obstacles for online companies today and we are constantly developing new ways to stay ahead of the trend. By pinpointing potential chargebacks before they occur, we are able to neutralize a great deal of risk for Binary Operators, as well as ensure that operations are fully prepared for any future regulation in the field.”
The announcement comes at a time when industry fraud patterns are on the rise. Credit Card chargebacks are intended to protect consumers by allowing them to dispute unwanted charges; however, they can also pose a real threat to online trading companies due to such issues as identity theft, credit card theft and money laundering. TradoLogic's new service will identify risky clients before they have a chance to deposit and dispute, preventing the operators from falling victim to chargebacks and ensuring the safety of their regulatory status.
TradoLogic (TradoLogic.com) is a financial options trading platform provider, offering innovative solutions to the financial trading industry.
By offering a turnkey solution, TradoLogic allows its partners to focus on sales and marketing while providing them with a cutting-edge trading platform, advanced risk management and professional sales and client relation services. During its years of operation, the company has gained experience and knowledge in the field of binary options, and is considered the leading platform provider in the industry today.