MRC Blog

How machine learning models can outperform rule based systems

May 06, 2021

The task of detecting fraudulent online payments is a perfect use case for applying machine learning algorithms that thrive in environments where data volume is high and the characteristics of fraudulent transactions cannot be easily detected using only a handful of features. Nonetheless, many fraud prevention systems still rely on hard-coded rules engines that consolidate the aggregate knowledge of fraud experts.

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New Whitepaper Explores How SCA Rules Will Impact Merchants

April 15, 2021

Authenticating buyers is a basic component of merchant risk management. With Strong Customer Authentication standards now in place in the European market, merchants are expected to make it more of a priority than ever before.

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Stop Stealing our Packages! Porch Piracy Increasing During the COVID-19 Pandemic

March 22, 2021

The shift toward online shopping during the COVID-19 pandemic has led to a steep increase in package theft. This growth has become a stressor for many individuals during the pandemic and the trend is not likely to decrease without a concerted effort from both merchants and consumers.

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Chargeback Fraud: From the Flagrant to the Friendly

March 08, 2021

In this blog, Pipl takes a look at some of the leading causes of chargebacks and what can be done to mitigate them.

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Social Engineering Attacks and Privilege Escalation

February 26, 2021

Since the COVID-19 pandemic hit, attacks against technological and social vulnerabilities have significantly increased and are specifically aimed at employees of financial institutions, webmail-based organizations, and payment providers.

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Refund Fraud: Why 2021 Is the Perfect Storm

February 19, 2021

If the 2008/2009 financial crisis brought our industry the term "friendly fraud" then 2021 will be bringing "refund fraud" into our fraud fighting vocabulary with a whole new potency.

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The International Nature of Identity-Data Abuse and the Importance of Cross-Border Data Coverage

February 12, 2021

From account takeovers to new account fraud to synthetic identities, the vectors of identity-data abuse are becoming all too familiar, yet the manner in which they operate is often misunderstood.

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Fingerprinting 101, Part 2

February 10, 2021

In the first part of "Fingerprinting 101" we answered a few common questions about this technique. In this post, we will dig in a little deeper into the details.

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Fingerprinting 101

February 02, 2021

A fingerprint is commonly used in anti-fraud payment systems of the card-not-present type. Have you ever wondered why the spinning circle appears when you attempt to pay by card online? User fingerprinting is one of the reasons for this popular feature.

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Issuer Decline Response Codes -- Preparing for Network Changes to Effectively Retry and Improve Authorization Processes

January 21, 2021

No one likes declined card transactions -- not online merchants, not consumers, and certainly not issuing banks. There are situations where a decline is a good thing: a compromised card or a customer without available funds, but otherwise declines do not need to happen.

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