To ensure your Fraud Detection risk strategies are effective, it's important to test them thoroughly using:
-
Backtesting with Fraud Detection Pro
Shadow testing
Start shadow testing to run your test strategy concurrently with your live strategy without impacting live payments. This enables you to observe performance in real-time, identify issues, and fine-tune rules.
Shadow testing relies on real transactional data and can take 24 hours to three months for patterns to emerge.
You can compare test and live outcomes in the Outcome comparison section of the Strategy builder.
Backtesting
You can use backtesting to simulate how a test strategy performs against your past payments. Results are returned within minutes, compared to shadow testing which takes longer. Backtesting analytics provide key performance indicators (KPIs) and an overview of processing decision changes.