Transaction Risk API
Maximize Approval Rates and Fight Payment Fraud in Every Transaction
Transaction Risk API provides payment operations teams critical insights into client-provided identity information to reduce friction and improve customer experience while keeping fraud at bay.
How it Works
Provide transaction details (of up to 26 inputs) and receive critical insights around individual and combinations of data points to help you confidently assess the risk of a single transaction.
Leverage seven proprietary signals around primary and secondary emails (email first seen) and addresses (address first seen), as well as the location address (IP last seen), phone (phone last seen), and combination of phone and IP provided (phone IP last seen) to improve accuracy of your fraud models.
Validity Checks for Payment Details
Evaluate the authenticity of billing and shipping details such as email, phone, address provided by the customer.
Enriched Phone Metadata
Gain insight into the line type of the phone number, which can often be a strong indicator of fraud.
IP Distance from Address Calculations
Gauge the distance between your customer’s IP and their provided addresses.
Risk Flags and Scores
Leverage model-derived signals such as Identity Risk Score (otherwise known as Transaction Risk Score), Identity Network Score, and IP Risk flag, in your risk models to predict the riskiness of a customer.
Match Statuses to Name
Confirm that the email(s), phone(s), and addresses provided in the transaction are associated with the customer name.
Utilizing Top Predictability Data
Predict fraud quickly at enterprise-level volumes through signals provided by the Ekata Identity Engine.
Increasing Approval Rates
Rapidly increase revenue by automating the acceptance of low-risk orders to boost overall approval rates from good customers.
Stopping Fraud Early
Reduce downstream costs by pinpointing risky transactions early in the approval workflow.
Optimizing Digital Customer Experience
Provide a fast and trusted experience to increase your customer base, improve retention, boost customer lifetime value and sales.
Winner of the 2019
Infinite Want: Consumers Demand Speed and Security in the Digital Experience
A new report commissioned by Ekata reveals that a majority of consumers demand trust, security, and data privacy, and also expect their digital transactions to be fast and frictionless. More than 7,000 consumers across North America and Europe were asked what they want in their digital experiences, how they respond when their needs are not met, and if they’ve personally experienced fraud.
Why We Built It
Our latest product innovation, Transaction Risk API, was officially launched a couple of weeks ago at Merchant Risk Council (MRC) 2019. As a market driven company we are always pushing to help businesses solve their biggest pain points, and the birth of our latest innovation is no exception to that rule. In this three part blog series we will cover why we built it, how we built it, and what value it brings to the market. So let’s dive straight into the why.
What Value It Brings to the Market
Our latest product innovation, Transaction Risk API, was specifically built for easy integration into sophisticated machine learning (ML) models and is designed to help eCommerce merchants, marketplaces, payment processors, and others manage payment fraud. In our three-part Transaction Risk API blog series, we have covered why we built it, how we built it, and today we will walk through what value it brings to the market.
Contact an Expert
See how Transaction Risk API can increase revenue for your business. Contact us for a demo.