Editor’s Take: Watch Your Back This Season

So along came Ethoca’s fraud-fighting cavalry that lets members share their experiences in order history through secure, PCI-compliant systems. Members aren’t privy to specific customer information but can view a grade the network places on their orders, from risky to fraudulent.

Most fraud management solutions focus on the 2 percent of online transactions that are fraudulent. Online businesses refer more than 27 percent of transactions for manual review. Upon review, however, more than half of them still accept more than 90 percent of these orders; two-thirds of merchants accept more than 80 percent.