AF Education

KYC vs. customer verification

How KYC Differs from Customer Verification

The next time you visit your local bar, consider this: How do you differentiate between a barstool and a table? Both have four legs, flat tops, and you can prop a drink, or yourself on either one. However, putting a cup on a barstool doesn’t make it a table. Context...Readmore
AVS Address Verification Service System Services

Addressing the 3 Shortcomings of AVS

Address verification services (AVS) have fallen behind modern fraudsters’ tactics. Once a familiar frontline tool for card-not-present fraud detection, AVS today bloats review queues and may even increase risk of fraud loss for many online merchants. Don’t hold your breath for a system update. The potential for extra friction in...Readmore
Airport terminal FACT Perseuss

Building FACT to Help Airlines Fight Fraud

The growth of online payments in the last two decades means that a vast amount of financial information, particularly payment card data, is stored on the Internet. Hackers can break into databases, download the payment card information and then sell it to buyers on the dark web. This stolen card...Readmore
how to become a world class investigator book review

Book Review: How to Become a World Class Investigator

“How to Become a World Class Investigator” is not a book that will appeal to every reader, but the topics it covers and the approach it takes are valuable to any person interested in fighting fraud. Cross-disciplinary learning is valuable Most of the readers of about-fraud.com come from the world...Readmore
aftermarket auto parts fraud

Putting the Brakes on Fraud When Selling Auto Parts Online

The global automotive aftermarket business is growing fast, and it's an increasingly appealing target for card-not-present (CNP) fraud. By 2023, the total value of the industry will exceed $1 trillion, thanks in part to the rapid growth in e-commerce for auto parts and accessories. The projected compound annual growth rate...Readmore
SIM swap fraud

SIM Swap Fraud: Don’t Be Its Next Victim

For many victims of SIM swap fraud, the first time they learn about the attack is in the hours after their life has been changed forever. It’s an all too common story, the signal bars disappear from your mobile phone, you call the phone number – it rings, but it’s...Readmore
Acquiring merchant risk and underwriting

Containing E-commerce Risk in Merchant Underwriting

Risk and opportunity are intertwined – one cannot exist without the other. Consequently, the best performing companies are the best at managing risk. This is because businesses that are confident in managing their risks are also more confident in taking calculated decisions to grow and prosper. Nowhere is this clearer...Readmore
Friendly fraud prevention tools

What Tools Help Manage Friendly Fraud?

It’s always great when all-in-one solutions reduce the number of tools you need to get the job done. You want your business management tools to be as efficient and cost-effective as possible, and this is a common consideration when merchants shop for a fraud management tool. They find a platform...Readmore