e-Commerce Authorization Data: Patching the Patchwork

To spin fraud detection gold from transaction data straw, you need lots of straw.

The e-commerce checkout and payment process generates masses of data with fraud detection potential for the merchant. Big data and AI-enabled analytics make instantaneous decisioning possible, but consortium-level transaction data is only partially fulfilled today. Fraud platform providers are beginning to seriously exploit the power of previously inaccessible data through customer data consortiums.