Time of Day and Day of Week: Customer behavior can change based on the day of the week or the time of day. Certain types of fraud are more likely to occur in the late evening to early morning. Set specific hour ranges (from 12am to 3am, for example) using the Time of Day filter. Set specific days (Fridays and Saturdays) using the Day of Week filter.

Advanced Velocity Rules: We’ve added advanced functionality to our most utilized banking industry velocity rules (including card transaction counts, card sums, account sums, and account counts). Select the Advanced Settings button and choose the Direction of Funds, Statuses, Payment Statuses, or Payment Methods to include or exclude in the rule logic. For example, exclude transactions with the payment status of ‘declined’ from counting towards the overall velocity sum.

We are excited to announce our integration with ComplyAdvantage, an award-winning comprehensive Anti Money Laundering (AML) solution. Write rules to see if your applicant, customer, or counterparty’s name appears on any sanctions or watchlists. If there’s a match, deny the application or transaction in real-time. Configure your query to include specific lists, fuzziness, and match types including Sanctions, PEPs, and Adverse Media. This feature, which was in private beta for the previous 4 months, is now accessible through the Fraud.net Marketplace. Talk to your Customer Success Manager to learn more.

 

While the device fingerprint is valuable in assessing the risk of a login, application, or transaction, capturing the data hasn’t always been straightforward. Our customers have had to build internally or rely on third parties to include the device fingerprint in a Fraud.net risk check. We’ve released an SDK (Software Development Kit) that allows you to collect and send device data to Fraud.net. To learn more about implementing this feature, click here.

Customers using our Banking API can now manually add or bulk upload lists of Terminal IDs, Account IDs, MCCs, Counterparty Names, Countries, and many more. When writing rules, transactions that include listed items can be flagged as allowed or denied. To utilize this feature, select Lists from the Settings tab. Need more information? Review our guides on functionality and how to upload via a .csv.

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Fraud.net's release schedule is every Tuesday and Thursday at 5pm EST. Generally, we release just once per week, but keep in mind, there are only two possible times each week that Fraud.net will release. You will continue to be notified of these releases with accompanying notes.

Every release is meant to make for a better user experience. We look forward to hearing your input.