Recently, I’ve been doing a ton of research on the subject of payment card security and everything that falls under that umbrella. As much as I know about the basic process of merchant accounts, payment security is still a new subject for me. The more I learn, the more I realize that fraud and chargebacks […]
How To Detect (And Prevent) Online Credit Card Fraud — And Why You Need A Solid Strategy To Manage Fraud For Your eCommerce Business To Succeed
It can be tempting to write off the occasional fraudulent transaction as the cost of doing business online, but the reality is that eCommerce sellers need to be proactive in detecting and preventing credit card fraud to protect their businesses.
AVS is an acronym for the Address Verification Service, a feature that’s used to compare the address given to you by your customer and the billing address on file with the cardholder’s issuing bank. AVS serves two primary functions: (1) to deter fraud by confirming that the customer is the legitimate cardholder, and (2) to help prevent chargebacks by giving you additional information to verify your customer’s identity. Read on for more info.
More drama swirled around the PPP this week, while recent data shows just how difficult it is for businesses to get private funding. Read on for a closer look at this week’s top small business news stories.
Friendly fraud occurs in connection with a chargeback claim. How can fraud be perpetrated through chargebacks, and is there anything you, the merchant, can do to prevent this type of fraud? Read on to find out.
What does it mean when credit cards offer zero fraud liability? Is it something you need? Check out our guide to find out!
As we trundle ever-closer to total chip-card domination, the experts are predicting that – as happened in other countries who adopted EMV technology – the majority of fraud is going to migrate away from counterfeit and stolen cards, and towards the easier target: card-not-present (CNP) fraud. As usual, for business owners, this is a good […]
Starbucks has been making the wrong kind of headlines lately thanks to a string of security breaches involving the accounts of their mobile app users. The hackers drained money from users’ accounts and transferred the balances over to fraudulent gift cards. As the Starbucks app is often held up as an example of a successful […]
The recent shift to chip-based cards has got everybody thinking about fraud, so perhaps now is a good time to go over the types of fraud that you should be on the lookout for as a business owner. The good news is, in every other country where chip-and-PIN cards have been introduced, card-present fraud has […]
The shift to EMV technology isn’t just affecting payments in-stores—due to the increased difficulty of fraud in-stores, many people are expecting that there will be an increase in card-not-present (CNP) fraud. We’ve already talked about how business owners can avoid fraudulent purchases for the present moment. But don’t get too attached. New, supposedly more secure methods […]