Fraud Protection
Afterpay provides Fraud Protection which assesses the risk of each and every transaction.
Fraud protection utilises a multitude of characteristics to determine the fraud risk. Transactions are scrutinised based on a multitude of characteristics, including:
- Customer (Account-id)
- Device
- IP address
- Amount of transaction
- Transaction time
- Channel
- Service
- Historical purchases
- Geographical location
Rules
The Fraud protection is a process whereby a transaction is subjected to number of rules/determinations (100+) each of which have an associated risk rating. Upon the conclusion of the transaction being subjected to all rules the resultant score is made up of the risk rating for each of rules. If the risk score is greater than the threshold then the transaction is deemed to 'risky' to proceed.
Some rules, called Velocity rules, are considered to be justification for instant determination that the transaction is too 'risky'. In this case, the rule allocates a score far exceeding the 99 threshold, in most scenarios, ensuring that the transaction is unable to proceed. Some rules 'deduct' points in that they lower the risk of the transaction.
Updated over 1 year ago