Soprano

Soprano

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Fraud Screening

Our transaction process follows a "pipeline" structure with several key steps:

  1. Rules System:
    • Execution of fraud rules logic through stored procedures using Oracle DBMS.
    • Continuous updating and modification of rules without service downtime.
    • Utilization of the MaxMind credit card fraud prevention service for additional information before passing orders through the rules chain.
    • MaxMind provides data on cardholders and cards, focusing on factors such as cardholder location, IP address details, and more.
  2. Detailed Subsystems:
    • Rules System:
      • Execution of fraud rules logic through Oracle DBMS stored procedures.
      • Retrieval of additional information from MaxMind, including cardholder location, IP address details, and various risk factors.
      • Evaluation of factors such as the cardholder's country, IP address-related details, email information, and more to calculate an overall fraud score.
    • Basic Rule Chain:
      • Application of a set of rules to order data in sequence, influencing the overall fraud score.
      • Rules include assessments related to cardholder country ratings, IP blacklists, email checks, order amounts, turnover limits, and more.
  3. Fraud Officer Oversight:
    • Continuous monitoring of the transaction flow by our fraud officer.
    • Modification of existing rules and implementation of new ones to optimize fraud prevention.
  4. Analysis Transaction History (In-house Service):
    • Assessment and verification of transaction data against existing records for accurate fraud decisions.
  5. Analysis Transaction History (External Service):
    • If in-house transaction history shows no signs of fraud, an external database comes into play.
    • Ethoca360 fraud detection services access the Global Fraud Alliance member data, the world's largest private database of high-quality e-commerce transaction data, significantly enhancing fraud detection accuracy.
By employing these comprehensive fraud screening measures, we aim to ensure the highest level of security and accuracy in processing transactions.
 
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