“In an effort to stymie card-not-present fraud, which has been on the rise during the Covid-19 pandemic, American Express Co. on Wednesday announced its Enhanced Authorization fraud-detection application is being made available to three major platforms—those of Accertify Inc., Microsoft Corp., and Riskified Ltd.—via an application programming interface…AmEx’s software enables merchants to share digital attributes that can help validate a transaction and cardholder, such as the customer’s email, Internet protocol and shipping address, and phone number. Including such attributes in a fraud screen, along with other data gathered by AmEx, can reduce online fraud by as much as 60% and increase approval rates by an average of 50 basis points, AmEx says.”