eCommerce Fraud Detection Tool - An Anti-fraud solution by MasterCard
Mar 29, 2012
eCommerce Fraud Detection Tool - An Anti-fraud solution by MasterCard In the past, a lost wallet, stolen credit card, or misplaced ID were among the paramount culprits of identity theft.Today, one need not lose a thing to eventually lose it all. commerce merchants have a new tool at their disposal to help mitigate the risk of fraud in online transactions, with MasterCard's introduction of Expert Monitoring Fraud Scoring for Merchants. MasterCard will release an e-commerce anti-fraud product for merchants in May, said Mike Plotnick, MasterCard's communications leader. MasterCard announced the product at the Merchant Risk Council show in Las Vegas. The solution is designed for global merchants to assess transactions on U.S.-issued cards. In other words, the service provides merchants with a "predictive fraud score for Card-Not-Present transactions in real time to measure the likelihood that a transaction is fraudulent."Basically, the service looks at the buyer's...