undefined | Better HN

0 pointstomp8y ago0 comments

What happens if you're flagged for fraud? e.g. on a recent talk by a different company, the presenter said that buying Pepsi implies a slightly higher percentage of fraud than buying Coca Cola. What happens if I, a legitimate customer with a real, non-expired, not-overcharged credit card cannot make a purchase because your system flags my transaction as fraud?

0 comments

1 comments · 1 top-level

ovao8y ago

I believe part of your question was answered here[0].

In short: on this platform merchants have the ability to process a transaction that Bolt suggests is likely to be fraudulent (in effect ignoring the warning).

In a general sense, all merchants have to balance their false positive rates with their false negative rates in a way that makes sense for the products/services they sell.

[0]: https://news.ycombinator.com/item?id=16217020

j / k navigate · click thread line to collapse