Businesses who take card payments
online are facing increased risks of credit card fraud. This is because, as EMV (chip cards) become
more prevalent in face to face transactions, cyber criminals are shifting to
online ecommerce stores, or card not present transactions.
It is estimated that fraud for
these types of transactions will double by 2018. There a number of things merchants who sell
online can do to keep their businesses secure.
Use a credit card processor that
utilizes a free online screening service that will help to detect fraud. If your current card processor does not offer
this for free, let Payment Processing Services do the
work for you. Our model screens all
transactions and monitors unusual buying patterns that could indicate fraud,
including:
·
Refund amounts greater than the purchase price.
·
High risk overseas orders.
·
CVV (security code) mismatches.
·
No match on street address and zip code.
·
Excessive authorization failures
·
Matches to a database of cardholder accounts
with excessive fraud chargebacks.
In addition, look for a
processor, Payment Processing Services can provide you with an online tool to
review activity and monitor transactions.
Contact Us
For more questions or
queries, call us at 603-479-2259 or send us an email at: kent4b@comcast.net, Visit: http://creditcardandpayroll.com/
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