Global Negative Lists

What are the global negative lists?

To operate effectively, companies collect and use certain data as a basis. To work with this data correctly, firms create positive and negative lists. The global negative lists include various sectors. They might be financial or banking or commercial services.

Negative lists define the specific sectors that bring certain limits and restrictions. So, global negative lists serve merchants as an additional security tool. Likewise, banks’ financial security and monitoring departments, that investigate accounts to protect the bank from losses, the merchant can create their own protection mechanism.

Moreover, the payment processing company can have their negative lists as well. These lists may include restricted:

  • IP addresses,
  • locations,
  • email address,
  • mail addresses, etc.

For example, GEO negative lists may save the merchants from bank’s declines. Or people will be unable to pay from the restricted IP addresses. Another way to protect merchants is to block certain emails. Fraudsters may use them constantly for illegal actions.

When you, as a business owner, have your own negative list, handle it to your payment processor. That makes the process even more secured.

Of course, to add extra protection, you may require other information:

  • require to type in the CVV code,
  • enable address verification filter,
  • enable the filter for the country, issuing the card.