Fraud Detection Walkthrough
This walkthrough guides you through our fraud prevention processes from start to finish. See how easy it is to secure your store.
1.
Rules Configuration
Manage rules after installation
2.
Order Simulation
Place a test order for simulation
3.
Fraud Validation
Understand FraudLabs Pro AI screening process
4.
Order Authorization
Handlle fraud risk with 'Approve' or 'Reject'
Step 1: Rules Configuration
Validation rules define the action, such as Approve, Review or Reject.
For example, you can have a validation rules to reject an order if the fraud score exceed 70. You can create as many validation rules depending on your plan limitation, but at the minimum you need to have at least one fraud score rule.
Rules Management
Rule 1: Fraud Score Greater Than 70
Rule 2: Email Address Equal to Blacklisted Email
Rule 3: Visitor IP Equal to Blacklisted IP
Step 2: Order Simulation
This section demonstrates the online purchase process flow on a common e-commerce platform, and how our FraudLabs Pro validation process fit in.
Checkout
Shipping Details
Payment Details
Review your cart
Orange Bag
$100.00
Total
$100.00
Step 3: FraudLabs Pro Fraud Validation
FraudLabs Pro validation engine comprises 3 key sections, namely the elements validation, blacklist validation and machine learning.
The engine will perform a comprehensive check on every element available in an order, together with the use of blacklist data contributed by our global merchant network and machine learning technology, to gauge the fraud risk associated with the order. You will receive a fraud score and status after the fraud validation process.
Comprehensive Element Validations
Comprehensive validations include:
- IP address & proxy validation
- Billing & shipping address validation
- User account validation
- Email address validation
- Credit card validation
- Transaction validation
- Device validation
Blacklist-Based Algorithm
FraudLabs Pro has a large pool of fraud data contributed by our Global Merchant Network in real-time, and this valuable information will be used to help other merchants to detect fraud orders.
Machine Learning
FraudLabs Pro learns the fraud pattern based on each or your approve, reject and blacklist action. This real-time crucial information enables FraudLabs Pro to learn new fraud pattern using the machine learning approach, and therefore further improve the fraud prediction and detection.
Step 4: Order Authorization
You should decide to approve or reject an order if it is flagged for review.
You can login to the merchant dashboard to view the fraud result and the relevant details to help you with the decision making.
Transaction Details
Transaction #10015
Manual Review Triggered By Following Rule:
- Fraud Score IS GREATER THAN 70
General Information
FraudLabsPro Score:
70
IP Location to Billing Location:
58.23 miles / 93.71 km
IP Address:
8.8.8.8
Validation Information
High Risk Country:
No
Billing Country Matches IP Country:
Yes
IP Address In Blacklist:
No