Advertisement

MasterCard Launches Anti-Fraud Solution for Online Merchants 

March 29, 2012

MasterCard Worldwide yesterday introduced a new tool that provides online merchants with a predictive fraud score for CNP transactions in real time. MasterCard’s Expert Monitoring Fraud Scoring for Merchants taps into the transaction history of the specific MasterCard card being used and evaluates a longer-than-standard span of that transaction history to produce a more accurate score for online merchants, says Johan Gerber, group head, global network products for MasterCard.

“The score that the tool provides represents the risk associated with the single e-commerce transaction within the context of the specific card account’s history during the last 12 months—without putting that consumer's privacy at risk,” Gerber tells CardNotPresent.com. “The merchant only gets the score, the history is not provided to the merchant.”

Gerber says another differentiator for MasterCard’s fraud solution is that the scoring occurs in real time during authorization, which enables merchants to layer it on top of existing fraud detection tools for improved accuracy.

“This is critical,” he notes, “since e-commerce merchants utilize many different data points to detect fraud.”

MasterCard announced in February that it partnered with anti-fraud provider SilverTail Systems to provide fraud monitoring tools to online merchants. A spokesperson for MasterCard says while it is working with SilverTail “as part of its overall approach to combat fraud,” the Menlo Park, Calif.-based company is not involved with this particular initiative.


  • Alibaba Threatening Main Street? - Dec. 18, 2014
    Alibaba Threatening Main Street?

    The Alliance for Main Street Fairness (StandWithMainStreet.com) has produced a television ad warning that, after its enormous IPO, Chinese e-commerce company Alibaba.com will take advantage of current tax law to "decimate local retailers."


Advertisement


  • Report: CNP Merchants Beware of Fraud-Filled November - Nov. 3, 2014
    Report: CNP Merchants Beware of Fraud-Filled NovemberHeading into the holiday shopping season, Feedzai, an antifraud technology provider that uses machine learning to analyze payment transactions in real time, recently released some interesting statistics pertaining to card-not-present fraud culled from its merchant clients over the past year... November as the biggest month for CNP fraud.
  • Yoyo Chooses BlueSnap Gateway - Nov. 3, 2014

    Yoyo Chooses BlueSnap GatewayWaltham Mass.-based BlueSnap today revealed that British mobile marketing and payments platform provider Yoyo has selected its gateway for cross-border online and mobile transactions.

Advertisement

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here