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Table of Contents

Lead Story

Patent infringement claims muddy waters of innovation

Patti Murphy


Industry Update

Android Pay makes debut

MyECheck debuts check-based mobile wallet

MasterCard Express fuels digital enablement

Buy buttons gaining steam on social media

Payments industry advances on 2015 Inc. 500/5000


Payments and the U.S. economy


The Mobile Buzz: Mobile Payments Bill of Rights offers best practice framework


Live-streaming POS

Dale S. Laszig
DSL Direct LLC

Square deemed not a money transmitter

Theodore Monroe and Brad Cebeci
Law Offices of Theodore F. Monroe


Street SmartsSM:
Breaking the ice in the MLS Forum

Jeffrey I. Shavitz
TrafficJamming LLC

Benefits of loyalty programs for you and for merchants

Michael Gavin

Legal ease: When is an ISO an MSB?

Adam Atlas
Attorney at Law

Company Profile


New Products

Payment fraud prevention through predictive analytics

Feedzai Fraud Prevention

Real-time, mobile CRM for restaurants

Wisely Inc.


Mental yard sale


Letter from the editors

Readers Speak

Resource Guide


A Bigger Thing

The Green Sheet Online Edition

September 28, 2015  •  Issue 15:09:02

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New Products

Payment fraud prevention through predictive analytics

Product: Feedzai Fraud Prevention

Feedzai, a data science company established in 2011 with offices in San Francisco, London and Lisbon, develops software tools designed to predict and detect payment fraud before it happens. Feedzai said its curated blend of big data analytics and security best practices has helped its global clientele in the Americas, Europe and Africa identify security vulnerabilities within their existing infrastructures in order to prevent sensitive data from being attacked or compromised.

Feedzai provides an array of resources, insights and organized data to acquirers, issuers, retailers and e-commerce providers. These enhanced reporting tools derived from sophisticated big data mining software and machine-learning algorithms can help teams make informed decisions and then take immediate action to protect and manage critical security and data, Feedzai noted. Reseller opportunities and a developer portal are available.

Fraud prevention tools

Feedzai's risk and fraud software uses intelligent algorithms to examine individual customers as opposed to relying on sampling and segmentation. "Traditional risk mitigation tools lack the analytics resolution needed to distinguish fraudsters from 'friendlies', and cause your frontline operations to mistake good customers for criminals," the company stated.

Big data solutions

The combination of machine learning with human intelligence can provide an in-depth view of live data streams that can be matched against historical data to expose suspicious and irregular activities. Feedzai big data solutions also include:

Risk management solutions for acquirers

Feedzai merchant underwriting solutions are designed to not only prevent fraudulent transactions but also to predict merchant insolvency, collusion and unfunded chargebacks. In the ever-changing world of merchant acquiring, risk profiles can shift rapidly, making it challenging to predict outcomes and update decision rules.

Feedzai provides continuous underwriting oversight to detect unusual patterns that may signal merchant underwriting risk. Configurable business analytics dashboards combined with key performance indicators (KPI) can detect unique data elements in a data stream that can be further analyzed and benchmarked against peer group, season and historical patterns, the company noted.   Examples of available KPIs include:

Online fraud prevention

Feedzai provides machine-learning algorithms to retailers through a secure set of application program interfaces (APIs). As the algorithms of the APIs become familiar with the business, they begin to create a series of rankings and explanations related to customer orders. Scores ranging from 0 to 1,000, with customizable cut-off points, are assigned to each order at checkout.

The APIs simplify merchant processing and shopping cart integration, Feedzai said. Merchants, marketplaces, e-commerce system providers and other e-commerce stakeholders can tap into the Feedzai API to facilitate safe and secure online selling.

In-store fraud prevention

Feedzai feels that sophisticated loss-prevention algorithms make omni-channel selling safe. Feedzai Fraud Prevention for retailers includes a detailed evaluation of every sales transaction with an accompanying risk score. Orders are protected during buying and checkout using machine-learning models. Real-time scoring is based on buyers' spending patterns accumulated over several years. Adaptive models detect "first-use" fraud where there is no transaction history.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | Simpay | USAePay | Impact Paysystems | Board Studios