If you are a merchant accepting orders on your web store,
you will eventually face the problem of scaling your fraud screening system
with the ever-growing order volume.
Global e-commerce continues to grow, with no end in sight. Even with
automated screening, the challenge for mid- to enterprise-sized merchants is to
develop screening strategies that integrate multiple detectors and keep them
current to stay ahead of morphing fraud patterns.
Simply adding more detectors doesn’t always result in improved
automated screening performance. Adding more tests, detectors or information
sources can often increase the probability any given order will be rejected
outright, or at least out sorted for manual review, which can increase manual
review volumes and costs. So the solution
is to select and apply the right mix of tools and tests, and then successfully
integrating them into the overall order screening process.
In my next post, I will share what we have learned from our
11th Annual Fraud Survey where online merchants are asked to rate which
detectors/tools are most effective for them. If you want to read the report, download after registration.
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