Payments management company Cybersource has developed ‘Decision Manager’ – a real-time fraud detection radar for online merchants.

The wholly-owned subsidiary of Visa claims the solution is a world-first for fraud detection and prevention and enables merchants to conduct more accurate analyses of their inbound orders.

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CyberSource’s Decision Manager correlates the attributes of an inbound order against the data, device insights and validation tests generated from transactions processed by Visa and CyberSource. Results are evaluated by merchant-established rules and the ordered is routed for fulfilment or suspended for manual review. The assessment is said to take place in no more than two seconds.

“Data is the lifeblood of fraud detection,” said Michael Walsh, CyberSource president and CEO.

“When Visa acquired CyberSource, one of the stated goals was to deliver a new level of fraud prevention to online merchants, enabled by our end-to-end view of electronic transactions, worldwide. We are now delivering exactly that.”

According to CyberSource’s 12thAnnual Fraud Report e-commerce merchants believe fraud become more sophisticated and harder to detect in 2010 and furthermore that this challenge is likely to grow.

The Norton CyberCrime Report by anti-fraud IT solutions provider Symantec claims 90% of online fraudsters are associated with organised crime while rival company McAfee says the rate of ‘botnet’ infections – software enabling fraudsters to secretly control personal computers – are growing by around 200,000 a day in its A Good Decade for CyberCrimereport.