Jun 13 2008
Protect Your Business From Credit Card Fraud Attempt
Credit cards are used as forms of payments, now more than ever. There are also more businesses online and most of these shops accept payment by credit card. Therefore, protecting your business online fraud credit card is essential. For companies that are offline, the challenges of accepting credit cards as a means of payment may be the same. Fraud is such an ugly word and we want to avoid at all costs. Fortunately, there are steps you can take, if your business is online or offline, which will eliminate the risk of being a victim.
Guides for business owners online
Although most consumers believe to be the victim of credit card fraud, particularly when buying a product online, it is actually much more likely that the trader will be the victim rather than the consumer. Here are some tips to help you avoid that. First, always check the address of the consumer has given you is correct. Your merchant account probably offers a system to verify the address will verify that the address you received corresponds to the billing address of the cardholders.
If you are shipping a product to a consumer, make sure the delivery address matches the billing address. If this is not the case, you probably should investigate the transaction. Beware of unusual orders. Since a thief would have no idea of consumers purchasing history with you, if something is ordered that is completely out of the ordinary check it out. Telephone the customer if you can. Even if it is legitimate, they should be grateful that you requested.
Take as much information as the buyer you can when they are filling out the order form. In addition to their name, address and phone number, ask the name of the bank that the card is issued, as well as 3 or 4-digit security that all cards are now. State your website that you have devices fight against fraud in place and functioning at any time. This will give the thief pause before entering your website.
Guides for offline business owners
Since you really see the person trying to use the credit card, your chances of being a victim of fraud are reduced, but problems can still occur. Here are some tips to help you protect your business and credit card fraud. Never take a credit card without identification. Check the name and signature to see if they match. This will not offend most customers who are on the rise and more. Most are very grateful.
Check credit card terminal knowing what the characteristics are on the cards legitimate. Many cards now contain a hologram that changes color to light. Check the signature panel to ensure that the signature can not be erased. If he can, he is wrong. Look at the tape and make sure it is intact. You should also use the address verification services. This will help you too.
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