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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?”

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.