Articles tagged: fraud

What can I do to help prevent fraud on my e-Commerce store?

To help prevent fraud on your e-Commerce store, we recommend you include additional security features on your website. Fraudulent transactions on your e-Commerce store may result in chargebacks or additional processing fees for each transaction.
We recommend that you include at least one of the following security features on your e-Commerce store:

CAPTCHA
IP monitoring
Address Verification System (AVS)
Card Verification
Web application firewall
3-D Secure
Hash validation

CAPTCHA

Add a CAPTCHA to your store to identify whether users are humans or bots and prevent bots from running fraudulent transactions.… Read More “What can I do to help prevent fraud on my e-Commerce store?”

How can I help prevent fraudulent transactions?

The actions you can take to help prevent fraudulent transactions depend on whether you sell goods online or sell goods in-store.

Selling goods online

Use AVS or 3-D Secure to verify a cardholder’s identity during online transactions.

If AVS or 3-D Secure can’t verify a cardholder’s identity, the card may be stolen or fraudulent.

What is AVS?

Address Verification Service (AVS) is a fraud prevention service for card-not-present transactions and keyed transactions.
AVS prompts the cardholder to provide their billing address when they are entering their payment card details at the checkout. AVS then compares the billing address that the cardholder provides with the registered billing address for the payment card.… Read More “What is AVS?”

Are contactless payments secure?

Yes, contactless payments are secure because they use the same encryption and security as EMV transactions.

What are fraud screening tools?

Fraud screening tools are software that analyze transactions and indicate if a transaction is likely to be fraudulent. Fraud screening tools provide you with information that allows you to decide whether to continue with the transaction. For example, a fraud screening tool can provide a score between 1 to 100 for transactions.… Read More “What are fraud screening tools?”

What is 3-D Secure?

3-D Secure is a fraud prevention tool that provides additional security for online transactions. Issuing banks use 3-D Secure to help verify the cardholder’s identity during a transaction.

Note: Using 3-D Secure shifts the liability for chargebacks to the cardholder or issuing bank.