Avoid Being The Victim of "Card Not Present Fraud"
Monday, Nov 14, 2016
Counterfeit and stolen credit cards are being used for online purchases, causing the card not present fraud to be high. There are extra steps you can do to avoid being the victim of can not present fraud:
- Make sure you are equipped with updated software. Each update contains newly designed security features.
- Add the Address Verification to your equipment. Require the billing address and shipping address to match. It serves an extra layer of verification during any transaction
- You can also set your equipment to only allow a certain number of attempts for declined transactions.
- Always get the security code listed on the back of the card. This ensures that the card is actually present with the customer. That information cannot be taken from a duplicated magnetic stripe