Safeguard your business against credit card fraud with
the help of the following 4 ways. These ways are especially useful for High
Risk Merchants as their business is exposed to greater risk of credit card
frauds.
Implantation of
Address Verification System
The Address Verification System (AVS) once implemented
provides an additional layer of security for internet transactions and ensure
that whosoever is purchasing is the same person who will receive the monthly
billing as well.
Credit Card
Verification Values (CVV)
CVV is a security features that prevents hackers from
accessing or using credit card numbers generated through fraud attacks and
breach of security. By requesting for CVV can make sure the person using a
credit is its actual owner.
Recognition of
counterfeit cards
Many fraudulent are experts in creating fake cards.
Before accepting any payment make sure embossing on the card is clear and also
examine its signature paned for any marks or signs of tampering.
Careful examination
of online transactions
When physical examination of credit cards is not
possible, it is better to track online payment patterns such as use of
different credit cards from the same IP address, large orders of same items,
and so on.
No comments:
Post a Comment