Difference between revisions of "Fraud Detection"
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Synonyms include: [[Attested]] [[Corroborated]]. | Synonyms include: [[Attested]] [[Corroborated]]. | ||
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Revision as of 12:35, 24 March 2019
Full Title or Meme
An existing process in ecommerce where the Relying Party collects the claims about the user and the context of the request (which will likely include user behavior and value of the transaction) into a Trust Vector for processing by a Fraud Detection Service. The result will be used to make the Authorization decision, or it might initiate a continued collection of user claims for a retry.
Context
- Today any company that handles money on the internet has some level of Fraud Detection, most of the smaller companies relying on Trusted Third Parties.
- The original use of Fraud Detection was in financial payments. https://corpgov.law.harvard.edu/2016/02/07/fincen-know-your-customer-requirements/
References
Synonyms include: Attested Corroborated.
