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April 11, 2017

Five sources of payment fraud and payment fraud subtypes in e-commerce services

Five sources of payment fraud and payment fraud subtypes in e-commerce services

We identify five subtypes of fraud a large merchant could face. Measurements of fraud for online payments will factor in those five subtypes, even though not all five subtypes will always be available for each considered population.

Frauds are either detected during acquisition or after

Timing Fraud reason
1 Stopped by acquirer Card is blacklisted.
2 - Other failure reasons that suggest a fraud.
3 After payment acquisition 3D Secure-enabled but reported as fraud.
4 - A chargeback for fraud reason has escalated.
5 - Risk analysts have labeled it as a fraud.

Credits : Image by methodshop from Pixabay