Three Revolutionary Enhancements

• Advanced "Hybrid" risk modeling based on Visa card association transaction data for uncompromising accuracy
• New Risk Profile Codes to streamline customer service
• "Bound" risk score for outstanding predictability and operating efficiency

Just The Facts

About ePayment Solutions Internet Fraud Screen enhanced by Visa
ePayment Solutions Internet Fraud Screen enhanced by Visa is a commercially proven and validated service which allows businesses to efficiently screen Internet transactions by calculating a risk score in real time. Internet Fraud Screen is the only system to use closed-loop card association data modeling and advanced hybrid modeling techniques to examine over 100 different factors to calculate fraud risk in one second (average). IFS supports all major card brands and has proven effective in minimizing exception processing and fraud risk.

Merchants receive a 15% discount on the IFS transaction fee when a Visa card is used by the consumer. Customers using IFS are also eligible to apply for the ePayment Solutions Protected Buy program and display the Protected Buy logo on their site.

Advanced hybrid modeling based directly on Visa card association data
Closed-loop data modeling process. Unlike other systems that rely on voluntary consortiums to supply modeling data, IFS uses a closed-loop modeling process which compares Internet transactions to the actual, conclusive transaction result logged and categorized by Visa. Visa uses this transaction data to provide highly accurate fraud detection models that are incorporated into the ePayment Solutions fraud scoring engine. No other system models using pure Internet transaction data and conclusive card association results.

Hybrid modeling. IFS now leverages the benefits of a rule-based expert system and a neural net system based on Visa fraud models (the mathematical equivalent of a panel of specialists assessing each transaction per their area of expertise). In combination these systems help minimize losses from fraudulent transactions and declines of legitimate orders.

"Bound" Scoring
This scoring method is based on calculating a risk score ranging from 0-99. Such scoring ensures that the probability of a transaction being fraudulent is linear. Example: a transaction which scores 40 is half as likely to be fraudulent as a transaction which scored 80. Using this method merchants can make a more educated decision regarding the setting of their optimal score threshold. Similarly, this scoring method allows ePayment Solutions to provide information to merchants regarding the expected distribution of scores, expected alert rates, fraud capture rates and insult rates with a high degree of predictability.

Risk Profile Codes
Risk Profile Codes identify the conditions that contribute to an overall IFS score. Codes are associated with 10 categories of tests included in the scoring process. When integrated with customer service screens, customer service staff can quickly identify the reason(s) for a high risk score and take proactive measures to convert high risk orders to low-risk sales.

Availability

• The Internet Fraud Screen service is available worldwide, including the new Risk Profile Codes on the ePayment Solutions ICS2 platform. Visa modeling enhancements are currently available only to US based merchants using the ePayment Solutions ICS2 platform.