We have already given 10 tips on minimizing eCommerce Fraud Exposure. But it’s not just about spending money on fraud detection/prevention systems. You first need to understand the kinds of fraud you can be exposed to. Only then can you figure out the ways to save yourself from them.
Detect the type of fraud

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The most advanced criminals will give you a fake card or a card obtained via skimming. There is little you can do in such cases since the criminals themselves practice fraud as a means of earning a …

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Beware Visa’s warnings
Visa Inc. last week sent a fraud alert to banks and payment processors warning them to look out for a “large batch settlement fraud scheme” involving a merchant account in East Europe. That alert is focusing renewed attention on a longstanding need for banks to tighten up the standards for authorizing merchants who accept credit and debit card payments.
Batch settlement fraud schemes – What are they?
Batch settlements refer to the common practice where merchants store all authorized payment card transactions that occur during a day …

We’ve gotten some emails about our post yesterday and we thought it’d be great to offer our readers even more methods to prevent credit card fraud for online merchants. Some friends who are seasoned online merchants have even stepped forward to let us in on common sense techniques to stop fraudulent transactions from hurting their business. Here are 5 effective tips that can help you prevent credit card fraud.
Tip 1: It pays to be suspicious
Be vigilant is scanning each order and watch out for information that may raise warning bells. …

As an online merchant accepting credit card payments, you have numerous security issues that you must be aware of for the safety of your business and your consumers. At this time, there are two main aspects of credit card security for credit card processing, including “AVS” and “CVV”. Both allow credit card transactions to be completed anonymously over the internet, and any merchant accepting credit cards online should require both forms of information of your customers.
Address Verification Service (AVS)
The “AVS”, or address verification service, is used to determine that the …

A friend of mine who has just signed up with a new merchant account is rejoicing because he confided in me how high his profits soared when he decided to accept credit cards. Knowing how crucial obtaining a merchant account is to one’s e-Commerce business, you should waste no time acquiring one through the right providers as long as they meet your business needs. However, with great benefits come pitfalls that may threaten to destroy your online likelihood.
Here are 7 tips to merchant account safety that every online merchant can …

We already know how convenient and enriching merchant accounts are but most of us do not know is that some unscrupulous merchant account service providers are taking advantage of naive business owners by tempting them with misleading advertisements. What you should do when shopping for a merchant account is to watch out for such ads, and stay far, far away from them whatever the cost. Here are the top 5 misleading merchant account ads you should avoid.
1. “We Reward You With $500 If You Can Show Us a Better Deal”
This …