Category: Risk

Read and learn about fraud risk and how to reduce it with the following articles and posts by Ekata, a Mastercard company.

Ekata

Return fraud: The $100 billion problem facing retailers

Ecommerce shopping provides convenience and ease to customers in the busy modern world. One of the conveniences of online shopping is the ability to quickly return products by mailing them back to the merchant. Unfortunately, like many benefits of online shopping, merchants face challenges. One main challenge is return fraud, where a customer manipulates the […]

2.28.2024

Chargeback Fraud

The guide to winning the battle against chargeback fraud

Chargebacks continue to be a concern for businesses worldwide. Out of the chargebacks businesses face, 80% are estimated to be fraud-related. First-party fraud, also known as friendly fraud, involves genuine transactions mistakenly or intentionally challenged by cardholders. Article at a glance: What chargebacks and chargeback fraud are and who is impacted The impact of chargeback […]

10.16.2023

AML Risk Assessment

From risk to compliance: the five steps to performing an AML risk assessment

In our ever-evolving digital world, technology has changed the way that we make payments, as well as our ability to send money at any time, anywhere in the world. It has also made it easier for fraudsters to conceal the origins of illegally obtained funds, making them appear to come from a legitimate source. Indeed, […]

9.6.2023

Synthetic Identity Fraud

How a probabilistic approach to Know Your Customer mitigates synthetic identity fraud

As synthetic identity fraud continues to surge across industries, in particular affecting financial institutions, it’s vital that we come together to make better, more accurate predictions of fraud risk, using a wider range of identity verification data. While Know Your Customer (KYC) processes are essential to ensure compliance, in particular protecting financial institutions against corruption, […]

8.7.2023

Address Verification Service

Address Verification Service (AVS): Assess risk and prevent fraud at lighting speed

No matter the industry, any business that spends time mitigating fraud attempts has encountered an address verification service/system (AVS). An AVS is an important piece of the puzzle and a widely used tool when it comes to reducing fraud, especially for card-not-present transactions. Below we will outline how an address verification service works, why an […]

7.10.2023

Finding the best identity verification solution

Identity Verification Software

The 5 best identity verification software providers of 2024

The global economy is undergoing a digital transformation at breakneck speed, revolutionizing how we shop, access financial services, utilize government services and even consume entertainment. However, despite the convenience of a digital economy, conducting business online brings unique risks and challenges. Finding the best identity verification solution for your business is the most effective way […]

4.12.2023

Identity Engine

A behind-the-scenes look into reason codes and how they fuel Pro Insight

Under the hood of Pro Insight is the Identity Engine, a key competitive differentiator across all Ekata products. But what exactly is it? A combination of sophisticated data science and machine learning, the Identity Engine combines two powerful and proprietary datasets. Our Identity Graph and Identity Network provide unique and valuable insights that allow businesses […]

3.28.2023

Risk Evaluation Process Standard Data Valuation

Financial Risk Assessment

Three steps of the risk assessment process and standard data evaluation

As one of our primary job functions, the Field Data Science (FDS) team works with the sales team and potential customers to assess the best way to prove the value of using Ekata in their production workflow through a standard risk assessment process. One of the ways to show this value is through an offline […]

3.15.2023

Risk Assessment

How Customer Outcomes Data Powers Customer Success

What is customer outcomes data? At its most simple level, a customer outcome is a result of knowing if a query to us was associated with a “good” or “bad” event related to fraud that the customer might face. For example, if an ecommerce customer queries our data on transactional orders within their fraud decisioning […]

2.8.2023