Risk insights is currently in beta.
Risk Insights is an add-on feature, please contact sales@spade.com for more information.
Overview
Risk insights provide visibility into the potential risk of a transaction and the merchants involved. Our signals are designed to be leveraged during the authorization window to improve decisioning as well as for customer or account analysis. The insights returned are based on our counterparty data asset as well as extensive data analysis.If you plan to use this data to prevent transactions from occurring you’ll want to ensure you’re sending us data in the authorization flow.
Understanding Risk Insights fields
Below we’ve provided a list of the fields we return in theriskInsights
object.
Field | Risk Level | Definition |
---|---|---|
High risk entity | Very High | The counterparty is known to engage in fraudulent practices |
Irregular web presence | High | Has engaged in deceptive online practices or has irregular website structure or content |
Negative online sentiment | Moderate | Negative online consumer feedback associated with the counterparty |
Card acceptance history | See definition | Possible values:extensive (most) established stable limited very_limited (least)null (no data)Counterparties with lower levels of card acceptance history have a higher likelihood of chargebacks or fraudulent activity |
Risky industry | See definition | Industry is correlated with increased disputes (based on Spade industries) Example: “Casinos and Gambling” will return a value of true |
Using Risk Insights
Risk Insights are best used in combination with other risk and fraud signals when making authorization or account closure decisions. Additionally, Risk Insights should only be used when a counterparty match occurs. Below we’ve provided an example response for a known high-risk entity:Example response
- is a
highRiskEntity
- has
irregularWebPresenceDetected
- and has
negativeOnlineSentiment
true
, we have identified that the counterparty involved in the transaction has the characteristics of that field. However, a value of false
for a field such as highRiskEntity
does not guarantee that the merchant is not a high risk entity. Additionally, a value of null
means that there is no data available for this field for this counterparty.
If we do not return any industries for the counterparty, the
riskyIndustry
field will return a null
valueIf we are unable to match to a counterparty each
riskInsights
field will return a null
valueFeedback
We recommend using our feedback endpoints when a chargeback has occurred or when fraudulent activity related to the merchant has occurred.enrichments/<enrichmentId/fraud
enrichments/<enrichmentId/chargeback