CARD NOT PRESENT FRAUD USE CASE

A card-not-present (NCP) transaction occurs when neither the cardholder nor the payment card is physically present at the time of the transaction. Examples of card not present transactions can include online purchases and recurring payments. Merchants must be able to identify, acquire and trust new digital customers or risk limiting revenue growth.

Card-not-present fraud is now 81% more likely than point-of-sale fraud... Last year, nearly twice as many consumers had their cards misused in a CNP transaction than at the cash register.

NBC News, 2018

TOOLS MERCHANTS USE

Online merchants use many tools to prevent the unauthorized use of a credit or debit card number. These include: device identification, authorization methods and other emerging fraud solutions.

Protecting cardholder data is essential; both the customers and the payment card industry expect it. Keeping information safe goes one step further though, it helps prevent account takeover and other fraud-related losses.

RESOLUTION

Our risk score offers a robust data solution that is a vital part of the holistic approach to Card Not Present fraud prevention.

COMPROMISED identifies stolen PII and delivers scored risk intelligence to help flag high, medium and low-level vulnerabilities for CNP fraud, identity theft, new account creation or account takeover. Risk scoring can be performed by single data descriptors or by weighting all of an individual's exposed credentials.

Our workflows let you set up rules whenever specified events occur. These rules enable you to route users to different outcomes based on the risk score. When you send COMPROMISED an API call, the output of your workflow is immediately returned to help your risk engine make a time sensitive decision.

Risk scores are requested at the key events where fraud or abuse occurs (e.g. ask for score when sending a create order event, open new account, login to existing account, etc.).

How Card Not Present risk could be scored to prevent fraud when considering compromised credentials:

COMPROMISED'S TOOLS TO PREVENT CNP FRAUD

API Call

Dashboard

Risk List

Monitoring

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