CyberSource Debuts Version 4.0 of Internet Fraud Screen
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CyberSource Corp. delivered an update to its Internet risk management service, CyberSource Internet Fraud Screen enhanced by Visa.
Version 4.0 features new customer service tools and performance enhancements that help online merchants speed order conversion and risk score calculation, the company said.
Fraudulent transactions currently range from four to 25 percent of total online transactions, CyberSource said.
Internet Fraud Screen V4.0 "forms the foundation from which CyberSource will develop and deploy future fraud models and new risk management services as the need for secure e-commerce continues to evolve," the company said.
CyberSource said its new Risk Profile codes are an augmentation to the CyberSource scoring process.
The Risk Profile Codes consist of three distinct reply fields: Local Time, Host Severity and Factors. Local time calculates the consumer's local time at the time of order and a predictive attribute.
Host Severity represents the risk associated with a consumer's e-mail domain. The Factors field provides merchants with the test categories that the particular order failed. Typical test categories may include: suspicious address information, extensive address or name changes, nonsensical input, etc.
These fields will be provided for both accepted and declined transactions to maximize a merchant's ability to fine-tune the model.
Database improvements also have been made which can speed response time to Internet merchants up to 40 percent -- enabling most risk scores to be calculated in one second.
The CyberSource Internet Commerce Suite offers merchant-controlled, real-time services including payment services, tax services, risk management services, distribution control services, and fulfillment management services.