Credit card fraud prevention for merchants: Common Sense
Joe Smith only needs so many pairs of Reeboks. John Doe certainly needs a pair of jeans like the rest of us, but his order might be worth a second glance. A delivery to 123 Wall Street might be a little fishy too. Just check if the customer’s zip code actually exists. Same thing goes for a 74 year-old cardholder ordering a snowboard at 3AM…
This applies to blatant misspellings as well. Criminals often carelessly fill out hundreds of forms a day. Legitimate customers usually make a point of spelling their name correctly.
Late night purchases can also be suspicious. Who makes a point of ordering
Ginseng at 3AM?
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):