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Risk Management

Welcome to the News View for "Risk Management".

Here, on these archive pages, you'll find all of the articles on Payments News for Risk Management listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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March 26, 2013

ID Analytics introduces Fraud Detection Solutions for Online Retailers

Id analytics 140pxID Analytics has introduced a suite of fraud detection solutions designed specifically for eCommerce retailers.

“Fraudsters are becoming increasingly sophisticated, and eCommerce retailers still encounter too many false positives when screening for potential fraud. ID Analytics partners with merchants to help them fight fraud while ensuring that no additional friction is introduced into the online customer experience,” said Aaron Kline, director of eCommerce, ID Analytics. “This new suite of products leverages our unique data platform and is specifically designed to help eCommerce merchants maximize conversion by accurately separating true fraud from false positives and detecting when an online account is compromised.”

ID Analytics' eCommerce suite helps retailers improve their fraud detection through access to the ID Network, "one of the nation's largest networks of real-time, cross-industry consumer behavioral data."

March 19, 2013

Sift Science Simplifies Online Risk Management

Siftscience logo 140x60pxSift Science, a new risk management startup, has opened up its public beta which includes the industries first 'freemium' service model for risk management. The company aspires to make setting up and using online risk management tools as easy as setting up and using Google Analytics. Sift Science claims that Airbnb and Uber are clients. Website is www.siftscience.com.

June 19, 2012

Report Says 1.5% of Airline Online Booking Revenue Lost to Fraud

Worldpay logo 140px A global 'Perfect Passenger Payment' insights report, commissioned by WorldPay, finds that 66% of airline merchants are seeing fraud levels stay the same or increase as they lose 1.5% of booking revenue to fraudulent transactions. 29% of airlines reported that incidents of fraud have risen in the past year.

The good news for airlines is that customers are happy to accept a robust screening process when buying tickets online. 71% of consumers would prefer a slower payment process with more rigorous security checks than a faster process with fewer checks.

June 13, 2012

June 05, 2012

IdentityMind Launches its Antifraud Platform

IdentityMind logo 140x60px IdentityMind, a new on-demand platform tracking Internet identities and providing next generation anti-fraud services for online commerce, recently announced the availability of its Antifraud Platform for the general market.

IdentityMind proactive fraud prevention Platform offers real-time evaluation of payment transactions, account creation and login verification protecting merchants from accepting fraudulent transactions, acquirers and payment service providers (PSP) from fraudulent account creation and fraudulent merchants.

June 08, 2011

May 09, 2011

April 12, 2011

Digital River Awarded eCommerce Risk Management Patent

Digital river world payments logo 140pxDigital River recently announced that the U.S. Patent and Trademark Office has issued U.S. Patent No. 7,881,972 entitled, Electronic Commerce System and Method for Detecting Fraud.

As part of the dynamic cross-linking data techniques inherent in Transaction Defender, this technology uses transaction information given by customers during the online checkout process to make instantaneous fraud detection decisions. The technology continually scans data points delivered from more than 150,000 Digital River hosted global online stores to reveal new risk patterns and trends in real-time and quickly identify and stop fraud attacks through one central action.
This patent describes fraud detection technology specifically for purchase order transactions processed by online stores.

April 04, 2011

First Data Launches eCommerce Fraud Solution

First data logo 140pxFirst Data has announced the next step in its eCommerce fraud detection and prevention solution with the launch of Fraud FlexDetect, built in collaboration with Accertify.

"We must be relentless in our efforts to stay one step ahead of fraudsters; with Fraud FlexDetect merchants can better respond to changing fraud trends," said Bruce Dragt, SVP and division manager, Payment Acceptance, First Data. "We are seeing a great initial response to this solution amongst our merchants. With Fraud FlexDetect, merchants can develop a customized strategy that strikes the right balance between control and delegation of fraud prevention activities, and because it is integrated into our existing payment platforms, there is virtually no IT effort or maintenance."

March 28, 2011

March 23, 2011

LexisNexis Launches Comprehensive Retail Fraud Management Solution

LexisNexis logo 140pxLexisNexis has announced the launch of its "new comprehensive fraud prevention solutions suite for protecting retailers from the risks associated with Card-Not-Present orders. For the first time, LexisNexis fully integrates its front-end identity fraud risk scoring with a workflow platform and fraud analyst review system, creating the ability to assess order risk at the transactional level, automate review processes and provide faster assessment for e-commerce retailers."

January 26, 2011

January 19, 2011

CyberSource Surveys of eCommerce Fraud Show Mixed Picture

CyberSource_logo-140px.jpgCyberSource has announced the results of its annual surveys of eCommerce fraud in North America and the U.K.

In the U.S. and Canada, online merchants say their 2010 fraud rate remained at 0.9% for the second straight year. U.K. merchants, on the other hand, say their fraud rate rose from 1.6% in 2009 to an average of 1.9% in 2010—twice the rate seen by U.S./Canadian merchants. CyberSource experts point to a number of likely causes for this development in the U.K., ranging from the greater incidence of cross-border eCommerce within the European region to “fraud migration” in which fraudsters, facing stiff challenges in one location, simply direct their efforts elsewhere, including the U.K.
In related news, the CPP Group has released their Card Fraud Index for the UK saying that card fraud affects a quarter of the adult population.

November 18, 2010

BillingScore Launches Solution to Fight Premium SMS Fraud

billscore_logo_140px.pngBillingScore, a London-based mobile payments risk management firm, has announced the launch of its new service that will protect and insure SMS aggregators and service providers against fraudulent Premium SMS activity and artificially inflated traffic.

October 19, 2010

BlueCava Announces Series A Funding Round

bluecava_logo_140px.pngBlueCava recently announced the closing of a $5 million round of series A funding, which included two billionaire entrepreneurs - Mark Cuban and Tim Headington. BlueCava is positioning itself as a credit bureau for devices, providing information about good, bad, and historical activities conducted from desktop computers, mobile devices, and game consoles. The company hopes to find opportunities fighting online fraud and providing enhanced target marketing services. READ MORE »

October 04, 2010

MasterCard’s Annual Risk Management Conferences

MasterCard_logo_140px.pngMasterCard has announced it will hold its annual European Global Risk Management Conference in Barcelona, Spain Nov. 1-5. Following the Barcelona event, MasterCard will also host two concentrated forums in Dubai, United Arab Emirates on Nov. 7-8 and in Johannesburg, South Africa on Nov. 11-12. READ MORE »

December 10, 2007

Guardian Analytics Releases FraudMap Fraud Prevention Solution

Guardian Analytics has announced the release of FraudMAP, a fraud prevention solution for protecting online accounts from fraud and identity theft. According to the company, "FraudMAP delivers fraud detection, forensics and ongoing risk monitoring based on strong analytics and rich, predictive models of individual behavior. The unique solution was built from the ground up to automatically detect new online fraud threats without requiring fraud rules development or algorithm training."

READ MORE »

May 22, 2007

MasterCard Worldwide's Fifth Annual Risk Symposium

MasterCard has announced its fifth annual Global Risk Management Symposium, bringing together more than 250 senior security professionals from financial services, law enforcement and other related industries in Huntington Beach, Calif., May 22-24. According to MasterCard, "the symposium is a three-day conference focused on exploring the security techniques, technologies and best practices for preventing and mitigating payment card fraud."

READ MORE »

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