How a Risk Score Saves You Time and Money

Welcome to a new installment of MaxMind’s Best Practices Blog Series! In discussing best practices, our focus is on efficient fraud screening methods which stop fraud while providing a positive customer experience. Key to efficient fraud screening is automating as many decisions as possible. In this post, we discuss the crucial role of minFraud’s riskScore to automated decision making. What is the riskScore? The riskScore is the starting point for fraud detection best practices. It indicates the likelihood that a given transaction is fraudulent, and so should be calculated for each e-commerce transaction.