MasterCard to Provide Anti-Fraud Service for E-Tailers
MasterCard will offer a new tool to help merchants mitigate the risk of fraud in online transactions.
MasterCard's (MA) Expert Monitoring Fraud Scoring for Merchants provides businesses with a predictive fraud score for card-not-present purchases in real time to measure the likelihood that a transaction is fraudulent, the Purchase, N.Y., company said Wednesday.
This is done through fraud detection models designed specifically for online merchants. The service will be available beginning in May.