Today we rolled out a new feature that gives every order a Fraud Risk Score. This is a service from a company called MaxMind. MaxMind assigns a Risk Score which represents the likelihood that a given transaction is fraudulent. Please use this Risk Score as a gauge to determine whether you need to accept, reject or manually review the order.
The Risk Score is given as a percentage, and as such it ranges from 0.01 to 100.00. For example, an order with a riskScore of 20.00 has a 20% chance of being fraudulent, while an order with a riskScore of 0.10 has a 0.1% chance of being fraudulent.
As a visual clue we have color coded the Fraud Risk Score according to the following risk levels:
- Green = under 5% risk
- Yellow = 5 to 30% risk
- Red = over 30% risk
We hope you like this new feature and as always, please let us know if you have any questions. Thank you.
Date Created: 01/30/2013