As electronic payment methods evolve and accelerate, fraud is becoming more frequent and increasingly sophisticated. Preventing fraud has now become a critical concern across the entire payments’ ecosystem. To meet this challenge, STET offers advanced scoring services for all payment channels.
Card Authorization Scoring
STET provides two primary card scoring services: authorization and authentication. Leveraging its robust authorization network, STET analyses every transaction using vast datasets and expert models.
These scoring services rely on supervised machine learning algorithms to assess fraud risk in real time. The result is an accurate and optimized risk score for every transaction.
Authentication Scoring for e-Commerce Payments
Since 2019, STET has also provided risk-based authentication scoring for e-commerce card transactions. This service enables issuers to detect and block fraudulent attempts at the authentication stage, helping ensure both security and seamless user experience.
In 2024, STET launched a new real-time AI and machine-learning-powered scoring engine, enhancing fraud detection for domestic e-commerce transactions. This innovative solution helps the entire ecosystem strike a balance between robust fraud protection and a smooth customer experience.
Scoring for SEPA Transactions and Instant Payments
Instant payments are irrevocable and transfer funds within seconds. To enhance security and reduce the risk of fraud, STET has developed an innovative real-time scoring service, drawing on its extensive experience with card transaction analysis.
This service provides on-demand fraud risk scoring for instant payments, which are being used increasingly to pay for goods and services online. As with card payments, the goal is to detect potential fraud in real time using advanced algorithms.
VoP (Verification of Payee), a service provided by SEPAmail.eu, a STET subsidiary, adds an extra layer of security by verifying the identity of the payment beneficiary.