Monthly Archives: June 2015

How to Use Geolocation to Identify Higher Risk Transactions

In our last blog post, we discussed how you can use a risk score to automate fraud screening, saving you time and money.

In this blog post, we begin our discussion of manual review best practices.

Studies show that, in North America, one in four orders on average receive extra scrutiny through the manual review process. The goal is to prevent the expense of chargebacks and customer issued credits associated with fraud. At the same time, you need to ensure that legitimate orders are not rejected unnecessarily, and estimates suggest that this is the case with up to 10% of orders. Rejecting good orders negatively impacts the bottom line, and drives away good customers.

During manual review, fraud analysts examine data associated with an order to assess how likely it is to be fraudulent. One key area of data points to consider is that of geolocation. Continue reading