Practice on Fraud

Tools to detect fraud include geolocation, velocity pattern analysis, OFAC list lookups, ‘black-list’ lookups, delivery address verification, computer finger printing technology, identity morphing detection, and basic AVS checks. [1]

Velocity

Velocity of change counts the number of changes between data elements on new transactions with previous ones as a means of identifying suspicious behavior. [2]

Geo IP

Service provider[4]:

  • geoPlugin
  • IP2Location
  • MaxMind
  • Quova
  • Digital Envoy
  • NetGeo
  • Cyscape CountryHawk
  • Digital element
  • IPligence

Device Finger Printing

Device Identification is a technique used to establish a “fingerprint” of a user’s computer or other web access device in order to track their activity and determine linkages between other devices.[3]

OFAC

OFAC (Office of Foreign Assets Control) and AML (Anti Money Laundering) etc. are common regulation for online payment.

Black list

Reference:

  1. http://en.wikipedia.org/wiki/Payment_service_provider
  2. http://www.fraudpractice.com/gl-velchange.html
  3. http://www.fraudpractice.com/fl-deviceid.html
  4. http://en.wikipedia.org/wiki/Geobytes
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