Real-Time Risk Management

Real-time risk management is a process which enables a person to handle risks associated with payments as the payment happens. It allows the person to effectively ensure that all the transactions are being carried out in a proper way, and can be denied at the business owner's discretion in case they believe a purchase to be fraudulent. This solution can be provided by a third-party as well.


Record Destruction

Record destruction refers to the process of illegally destroying information stored in the form of documents. This is an ethically wrong practice and if spotted within an organization can lead to the termination of that person's employment.


Relying Party

Relying party or third party is a computer term used to refer to a server providing access to a secure software application. Claims-based applications, where a claim is a statement an entity makes about itself in order to establish access, are also called relying party (RP) applications. Actually RP refers to the person who provides services to the customer not directly but just by connecting the customer to the actual seller. Usually, the host or the merchant has to identify the real party that is delivering services to the customers.


Reshipping Fraud Scheme

In a reshipping scam, the criminals purchase high-value products with stolen credit cards and recruit willing or unsuspecting people (reshipping mules) to receive and forward the packages on behalf of the criminals. In the package, there will be stolen items and in case of arresting, the re-sender will be arrested first.


Retail Loss Prevention

Retail loss prevention is actually a set of practices and methods which are employed by retail companies to preserve profit, so to ensure that there are as few scams associated with transactions as possible. Profit preservation is any business activity specifically designed to reduce preventable losses. Usually, most crimes are related to retail and in order to minimize this risk, these practices are adopted by the retailer, and are known as retail loss prevention methods.


Return On Investment (ROI)

Return on investment (ROI) is a performance measure used to evaluate the efficiency of an investment or compare the efficiency of a number of different investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost.