Jordan Pollard

Fraud strategy and analytics. Rules, features, tradeoffs. Writing at Decisioning.

[Jordan Pollard @jpollard44]

The full essay, with all four numbers: https://t.co/BU9HFNeRR6

[Jordan Pollard @jpollard44]

Rule B declines 50 orders and 30 are fraud. 60% precision. Net: +$4,260. A review that only looks at precision picks B. Finance picks A.

[Jordan Pollard @jpollard44]

Only looking at total volume isn't the best way to view a rule. Use data to make your argument and be able to explain profitability. (All numbers made up.)

[Jordan Pollard @jpollard44]

Rule A declines 1,000 orders and 120 are fraud. 12% precision. It prevents $18,000 in losses and gives up $10,560 in margin. Net: +$7,440 a month.

[Jordan Pollard @jpollard44]

A rule with 12% precision can make more money than one with 60%. It depends on margin. Here's the math.

[Jordan Pollard @jpollard44]

Made-up merchant: $150 orders, 8% margin. Approving a fraudster costs $150. Declining a good customer costs $12. Breakeven precision = 12 ÷ 162 = 7.4%.

[Jordan Pollard @jpollard44]

Four quadrants. Approve a good customer: you make money. Approve a fraudster: you incur losses. Decline a fraudster: losses prevented. Decline a good customer: a missed opportunity.

[Jordan Pollard @jpollard44]

@MaysaDiye -34

[Jordan Pollard @jpollard44]

@TechCrunch They should integrate https://t.co/ht2IhWII6u - @ChipInPool and allow customers to split purchases.

Organizing who’s paid is daunting.

[Jordan Pollard @jpollard44]

@johnrobertreed @Jason @twistartups @theallinpod I see it as ‘that’s all that’s needed’. Cover api expenses

[Jordan Pollard @jpollard44]

@anastassiua I’m not that friend but I am that guy 😅

[Jordan Pollard @jpollard44]

@AlexFinn I agree Alex. Local personal AI agents for the WIN!!

[Jordan Pollard @jpollard44]

@MasihEther @shahh @grok Here’s your timeframe

[Jordan Pollard @jpollard44]

@KobeissiLetter It’s like it follows a cycle

[Jordan Pollard @jpollard44]

@BennyXBitcoin @aganstwallst Hasn’t broke yet!
Only time will tell and I’m sticking with it until it’s broken

[Jordan Pollard @jpollard44]

@Bitcoin_Teddy It’s part of the cycle

[Jordan Pollard @jpollard44]

@C_Maltwood @aganstwallst @Macks_Powers What are your thoughts @C_Maltwood ?

[Jordan Pollard @jpollard44]

@aganstwallst Precisely! 🎯