About Transaction Risk API
Transaction Risk API is a risk assessment software from Ekata that improves transaction routing by providing PII insights to improve security. It combines Phone Intelligence API, fake account prevention, transaction fraud detection, manual fraud review, and promotion abuse monitoring so businesses can reduce fraud rates and improve customer trust. The API allows companies to verify the risk of customers using phone metadata and provides tools for manual fraud reviews, supporting effective fraud prevention strategies. This solution is essential for e-commerce platforms and financial institutions that need to safeguard transactions against fraudulent activities. Key capabilities: Phone Intelligence API Fake account prevention Transaction fraud detection Manual fraud review Promotion abuse monitoring Best for: businesses that need to secure and authenticate transactions.
The Mastercard Transaction Risk API is a sophisticated, real-time fraud prevention solution that leverages the vast global Identity Network to secure digital transactions and boost approval rates for businesses like e-commerce, marketplaces, and financial services. It operates by passing every transaction through sequential gateways, generating critical indicators such as the Identity Risk Score and Network Score. Key functionalities include verifying the authenticity and association of core identity elements—like checking the geographical distance between a customer's IP and provided address, and confirming that emails and phone numbers are legitimately linked to the transacting name—to predict and flag potential fraud early in the approval workflow. This high-performance solution is engineered for enterprise reliability, ensuring low latency to deliver instantaneous decisioning and maintain a frictionless customer experience. As an API, its deployment is straightforward: a Cloud, SaaS, Web-Based API model that allows for seamless integration directly into a company’s existing payment and risk decisioning systems. This API-first design prioritizes automation, enabling fast acceptance of low-risk orders while reducing the impact and cost associated with false positives.
Pros & Cons
- +Enhances fraud detection accuracy with global identity and network data integration.
- +Increases transaction approval rates by automatically approving low-risk customers.
- +Minimizes chargebacks and financial losses by detecting fraud before transaction completion.
- +Scales efficiently for enterprise-level transaction volumes without latency issues.
- +Offers detailed and explainable risk metrics for better fraud decision-making.
- −Implementation may require technical expertise for full API integration.
- −Dependence on external data sources may limit accuracy in regions with sparse data.
- −Some configuration steps require coordination with Mastercard support teams.
- −No self-service setup option for quick individual or SMB onboarding.
- −Limited transparency on data update frequency for network signals.
- −May flag legitimate customers as risky if data mismatches occu
Features
Key features
- Identity Network signals
- Uses email, phone, address, and IP network signals such as first-seen and last-seen data to identify potential fraud.
- Transaction Risk Scores
- Provides detailed identity and transaction risk scores to help organizations assess fraud risk accurately.
- IP Distance Calculation
- Measures the distance between a user’s IP address and their provided billing or shipping address to spot inconsistencies.
- Name-Data Association
- Confirms that provided emails, phones, and addresses are linked to the customer’s name to ensure identity validity.
- Validity Checks
- Verifies authenticity and formatting of billing and shipping details such as email, phone, and address data.
- Fraud Detection Pipeline
- Uses multi-layer transaction filtering to identify and stop fraudulent activities early in the workflow.
- Enterprise-Level Automation
- Integrates seamlessly into existing fraud systems to enable real-time, automated fraud scoring.
Additional features
- Risk Scoring System
- Assigns real-time risk scores based on multiple customer data points.
- Network Data Enrichment
- Adds first-seen/last-seen metadata for email, phone, IP, and address information.
- Identity Network Score
- Generates a score derived from Mastercard’s global identity network data.
- IP Risk Flag
- Detects risky or suspicious IP patterns based on global usage behavior.
- Name Association Validation
- Matches identity elements like email, phone, and address to the name for consistency checking.
- Fraud Workflow Optimization
- Reduces false declines and chargebacks by identifying high-risk transactions early.
- Location Intelligence
- Incorporates geolocation and IP distance metrics for anomaly detection.
- API Infrastructure
- Cloud-based API optimized for low-latency, high-volume enterprise environments.
- Integration Capability
- Easily connects with third-party fraud platforms like ACI Worldwide, Experian, and Kount.
- Detailed Monitoring
- Includes QPS, latency, and error monitoring for transaction and usage tracking.
- Validity & Formatting Checks
- Confirms correct data structures in customer-provided contact and address information.
- Machine Learning Models
- Leverages Mastercard’s ML-based identity verification system to predict fraud behavior.
- Account Management & SLAs
- Provides tiered support packages with dedicated account managers and guaranteed response times.
- Global Coverage
- Supports fraud prevention for global e-commerce and financial transactions.
- Secure Cloud Hosting
- Operates fully via Mastercard’s secure cloud infrastructure for reliability and compliance.
Pricing
Countries & Languages
Interface languages
Billing currencies
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About Transaction Risk API
Transaction Risk API is a risk assessment software from Ekata that improves transaction routing by providing PII insights to improve security. It combines Phone Intelligence API, fake account prevention, transaction fraud detection, manual fraud review, and promotion abuse monitoring so businesses can reduce fraud rates and improve customer trust. The API allows companies to verify the risk of customers using phone metadata and provides tools for manual fraud reviews, supporting effective fraud prevention strategies. This solution is essential for e-commerce platforms and financial institutions that need to safeguard transactions against fraudulent activities. Key capabilities: Phone Intelligence API Fake account prevention Transaction fraud detection Manual fraud review Promotion abuse monitoring Best for: businesses that need to secure and authenticate transactions.
Transaction Risk API Details
Transaction Risk API's In-App Market Place
Does Transaction Risk API have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), AUD ($), CAD ($), CHF (CHF), CNY (¥), JPY (¥)
Pros & Cons
- Enhances fraud detection accuracy with global identity and network data integration.
- Increases transaction approval rates by automatically approving low-risk customers.
- Minimizes chargebacks and financial losses by detecting fraud before transaction completion.
- Scales efficiently for enterprise-level transaction volumes without latency issues.
- Offers detailed and explainable risk metrics for better fraud decision-making.
- Implementation may require technical expertise for full API integration.
- Dependence on external data sources may limit accuracy in regions with sparse data.
- Some configuration steps require coordination with Mastercard support teams.
- No self-service setup option for quick individual or SMB onboarding.
- Limited transparency on data update frequency for network signals.
- May flag legitimate customers as risky if data mismatches occu
Transaction Risk API's Support Options
Email Address
support@ekata.comContact
+1 (888) 308-2549Documentation
https://support.ekata.com/hc/en-usTransaction Risk API's Alternatives
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