Credit card fraud prevention for merchants

Commerce has always had its fair share of frauds. The technological innovations that have brought us credit card transactions and online business have given criminals new ways to steal. It’s easy to rob people when nobody can see who you are. Crooks have the ability to swindle you from halfway around the world these days. Most instances of online fraud are insignificant to law enforcement agencies, but very significant to you. It’s the responsibility of the consumer and the merchant to seek out protection.

General Guidelines for fraud prevention

Credit card fraud prevention tips (researching the customer):

• International Orders


• Quantity and Frequency


• Addresses


• Common Sense


• Free E-mail Accounts


• Legitimate Domains

Precautionary Methods (from Merchant Side):

• A BIN System


• Adhere to Guidelines


• Seminars


• Historical Files


• Consumer Credit Reporting Agencies


• Website Design


• Point Systems


• Verification


• Authorization


• Call The Cardholder


• A Fax


• 3-D Secure


• Address Verification System (AVS)


• Card Verification Methods


• Call The Bank


• IP Addresses


• Telephone Numbers


• Recap

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