6 Transaction Definitions

A Transaction is any process a user performs after successfully logging in. Examples of Transaction Types are authentication, bill pay, money transfer, merchant purchase, credit card, and others. For example, if you pick merchant purchase as the Transaction Type, you want to gather data on the activity of all the members during merchant purchases.

With each type of Transaction, different type of details are involved. For example, in a stock trade, the data involved would be the symbol, unit price, number of shares, buy or sell action, time of trade, total amount, broker commission, and so on.

Before the client-specific Transaction with its corresponding Entities can be captured and used for enforcing authorization rules, fraud analysis, and so on, it will need to be defined to the system first. Adaptive Risk Manager's Transaction Detail feature allows administrators to perform this task.

With Adaptive Risk Manager's Transaction Definition feature, an administrator is able to create entity and data element definitions and map them to the client-specific data (source data).