Traditional fraud management relies on manual data collection and review processes that add delays and inefficiencies to this essential business discipline. Typically, the impact of a new fraud strategy can only be evaluated after three months in production, as one needs to wait at least 2 to 3 months to gather enough chargeback information to evaluate a new fraud rule.
Optimizing rules to catch more fraud automatically can lessen the strain on manual review resources and streamline your fraud management processes. Through better rule tuning, you can quickly analyze and adjust your online fraud strategies to help accept more orders and adjust for business fluctuations, such as during the holiday buying season.
We review all of this and more in this new eBook – download it now.