Ekata's Products

Transaction Risk API

Maximize Approval Rates While Fighting Transaction Fraud

Transaction Risk API provides the most predictive identity verification responses to fight payment fraud and expedite authorizations, reducing customer friction.

In under 100 ms, Transaction Risk API scores the overall risk of an identity using name, email, phone, address, and IP and delivers a concise response for easy integration. Powered by the fastest and most reliable tech stack in the market, the Transaction Risk API scales for any low-latency, high volume model requirements.

To discover if Transaction Risk API can reduce friction for your customers while keeping fraud at bay, contact us for a Demo.

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How it Works

Provide transaction details (of up to 26 inputs) and receive critical insights to help you confidently assess the risk of your customers around the world.

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 predictions and signals such as Identity Risk Score (otherwise known as Transaction Risk Score), Identity Network Score, and IP Risk flag, in your risk models to assess 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.

Transaction Risk API Solves For

Reducing False Declines

Every online transaction must pass through several gateways before it is approved, with filters at each step configured to spot the indicators of fraud. If you are able to catch fraud early on, you will not only reduce the number of fraudulent transactions through the workflow but you will also minimize the number of good transactions to be falsely declined.

Preventing Fraudulent Transactions

By catching fraud in the purchase process, you can save your business the cost of the lost transaction as well as reduce chargebacks and the associated fees.

Transaction Risk API is a low latency API that fits within your payment workflow and prevents fraudulent transactions by utilizing the power of our machine learning, provided in the form of scores and metadata as part of the Ekata Identity Engine. This information can be applied to models and rules.

Key Benefits

Utilizing Top Predictability Data

Predict fraud quickly at enterprise-level volumes through signals provided by the Ekata Identity Engine.

Increasing Approval Rates

Authenticate more legitimate transactions and reduce false declines with minimal customer friction.

Stopping Fraud Early

Utilize data-driven insights and customer activities intelligence to identify fraud early in the transaction flow to reduce downstream costs.

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

Best in

Payment APIs

Resources: Report

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.

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Resources: Report

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.

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Resources: Report

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.

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Contact an Expert

See how Transaction Risk API can increase revenue for your business. Contact us for a demo.