Fraud cases and rate

Fraud rate calculation is based on known fraud cases only. That is, only approved transactions that turned out to be fraudulent are counted in. Declined transactions are not defined as fraudulent transactions and therefore they are not included in fraud rate calculation.

Fraud cases are divided into two categories:

• Fraud cases by reporting date
• Fraud cases by transaction date

Fraud cases and fraud rate by reporting date

Value

Fraud cases by reporting date

The total value of fraud cases for a selected period of time, based on reporting date.

Fraud rate by reporting date

The fraud rate by reporting date = the total value of fraud cases received in a given period of time / a total value of final approved transactions in that period.

Count

Fraud cases by reporting date

The total number of fraud cases for a selected period of time, based on reporting date.

Fraud rate by reporting date

The fraud rate by reporting date = the total number of fraud cases received in a given period of time / a total number of final approved transactions in that period.

Fraud cases and fraud rate by transaction date

Value

Fraud cases by transaction date

The total value of fraud cases originated from transactions in a selected period.

Fraud rate by transaction date

The fraud rate by transaction date = the total value of fraud cases originated from transactions in a given period / a total value of final approved transactions in that period.

Count

Fraud cases by transaction date

The total number of fraud cases originated from transactions in a selected period.

Fraud rate by transaction date

The fraud rate by transaction date = the total number of fraud cases originated from transactions in a given period / a total number of final approved transactions in that period.