Introduction to High-Risk CC Processing
The Credit Card Industry is a big business, with a $2.7 trillion dollar market cap. According to the Nilson Report, high risk credit card processors processed over 2.2 trillion transactions in 2016 alone. Naturally, with so much money on the line, credit card companies are always on the lookout for new ways to make money. One way they do this is by processing high-risk transactions. A high-risk transaction is one that could potentially lead to fraud or other problems down the road. For example, if you're trying to buy something online and your bank doesn't approve your credit card because it's been reported as being high risk, that's a high-risk transaction. Credit card companies use a variety of methods to determine which transactions are high risk and which ones aren't. One of the most common methods is called risk assessment scoring. Risk assessment scoring is a process by which a credit card company uses computer algorithms to measure the risk associated with