Advanced Fraud Detection Technology
Checkout.com offers a robust and flexible Fraud Detection solution to protect your business from fraudulent activities while minimizing false positives. This system employs a hybrid approach, combining rules and machine learning techniques to create a powerful defense mechanism. The Fraud Detection feature is seamlessly integrated into Checkout.com's platform, eliminating the need for additional integration efforts.
Adapting to Emerging Fraud Trends
The Fraud Detection tool from Checkout.com ensures that your business is equipped to handle emerging fraud trends effectively. By leveraging advanced machine learning algorithms, the system can detect new fraudulent behaviors based on comprehensive data analysis across the entire Checkout.com network. This proactive approach allows businesses to stay ahead of evolving threats and protect their operations.
Comprehensive Fraud Fighting Tools
Checkout.com provides a suite of rich fraud fighting tools to empower businesses in their fight against fraudulent activities. These tools include dynamic machine learning capabilities, robust and flexible rules, and powerful approve and deny lists. With these resources at their disposal, businesses can efficiently block fraudulent transactions while ensuring legitimate transactions are processed seamlessly.
Continuous Fine-Tuning and Adaptation
Businesses can continuously fine-tune and evolve their fraud detection strategies with Checkout.com's comprehensive analytics and reporting features. This allows users to experiment with different approaches, adapt their tactics, and optimize performance over time. Additionally, the platform offers powerful testing capabilities, enabling businesses to test new strategies before implementing them live.
Flexible Risk Strategy Development
With Checkout.com's Fraud Detection solution, businesses can build a range of risk strategies tailored to their specific goals and requirements. The platform provides a set of flexible tools that can be customized to address varying risk levels and business needs. Moreover, businesses can leverage insights from the broader Checkout.com network to enhance their risk management practices.
Utilizing Machine Learning for Accurate Risk Scoring
The Fraud Detection tool by Checkout.com offers accurate risk-scoring capabilities powered by advanced machine learning algorithms. These algorithms have been trained on billions of transactions from leading global brands, ensuring precise risk assessment. Businesses can customize the algorithm settings to align with their specific objectives or utilize Checkout.com's recommended settings.
Enhanced Fraud Protection with Customized Rules
Businesses can create tailored rules within the Fraud Detection system, including advanced velocity rules and custom criteria. By grouping multiple rule criteria, businesses can generate weighted behavioral scores for more accurate fraud detection outcomes. The system also allows users to test new rules before implementation to gauge their potential impact.
Efficient Transaction Management with Authentication
Checkout.com's Fraud Detection solution includes integrated 3D Secure 2 authentication, enabling businesses to apply additional authentication measures to risky transactions. Businesses can customize the level of authentication required, choosing between challenge and frictionless flows based on the transaction risk level. This helps to minimize fraud while ensuring a smooth payment experience for legitimate customers.