Reducing Fraud on Merchant Accounts

dino · 03-22-2007

Credit card transactions are mostly preferred by consumers. Because of this, being a merchant account is a great way to increase the company's sales by almost 400%. But along this increase, is the risk of involving into fraud transactions.

I have found out that merchants can use fraud screening software to reduce the fraud transactions. If you're into this, better check FraudGuardian and Varilogix. Both of them are fraud screening software mostly recommended by those involved in merchant accounts.

qaswer · 03-25-2007

Quote:

Originally Posted by dino

Credit card transactions are mostly preferred by consumers. Because of this, being a merchant account is a great way to increase the company's sales by almost 400%. But along this increase, is the risk of involving into fraud transactions.

I have found out that merchants can use fraud screening software to reduce the fraud transactions. If you're into this, better check FraudGuardian and Varilogix. Both of them are fraud screening software mostly recommended by those involved in merchant accounts.

I am glad to know that there are "fraud screening software" available for screening but i haven't seen this being used on any other site .

**onlineexperts** · 03-29-2007

How can fraud screening softwares detect fraud? Are they only used for online transactions? If you would have to buy those softwares, I believe that it is much better to train your employees or learn yourself how to be a legitimate merchant, may it be online or not.

stealth · 04-10-2007

If these are effective, there could have been lesser fraud transaction cases nowadays. Or maybe these softwares are not yet fully introduced to merchants. Maybe a trial version can be offered so we can review the funcationalities.

ltjman22 · 04-11-2007

Nice websites, checking them out now! You are definently on top of your fraud checks and stuff! Keep it up, are there any more I can look at?

jus_tin39 · 05-20-2007

Here is a list for some information for a seller, about how to inc. chances of a chargeback ::::

1. Proof of postage or delivery, such as online tracking numbers2

2. Copies of the original item description or auction description, including any photos

3.Proof that the buyer was already refunded

4.Proof that the buyer was provided with a replacement product

5. Correspondence with the buyer or feedback from the buyer

6.Any agreements signed or accepted by the buyer at time of purchase

mtajim · 07-19-2007

You can lots of such software that tell you to screen fraud but in real sense they are all waste , i have used many ways to protect from fraud but everytime i put some tool , someone comes and breaks in it.

whooped · 08-19-2007

A faxed physical signature usually goes a long way towards preventing fraud. But if not, then use the AVS. It is the acronym for the address verification service, which matches up the address on the card to the billing address that customers provide.

03-22-2007	#1 (permalink)
dino Junior Member Join Date: Mar 2007 Posts: 20 Rep Power: 0	Reducing Fraud on Merchant Accounts Credit card transactions are mostly preferred by consumers. Because of this, being a merchant account is a great way to increase the company's sales by almost 400%. But along this increase, is the risk of involving into fraud transactions. I have found out that merchants can use fraud screening software to reduce the fraud transactions. If you're into this, better check FraudGuardian and Varilogix. Both of them are fraud screening software mostly recommended by those involved in merchant accounts.

04-10-2007	#4 (permalink)
stealth Member Join Date: Apr 2007 Posts: 71 Rep Power: 2	If these are effective, there could have been lesser fraud transaction cases nowadays. Or maybe these softwares are not yet fully introduced to merchants. Maybe a trial version can be offered so we can review the funcationalities. __________________ Premium paid directory Daily updated software blog 3DMax and Photoshop tutorials

04-11-2007	#5 (permalink)
ltjman22 Senior Member Join Date: Apr 2007 Posts: 409 Rep Power: 0	Nice websites, checking them out now! You are definently on top of your fraud checks and stuff! Keep it up, are there any more I can look at? __________________ Myfishsite Fishing Forums!

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03-29-2007	#3 (permalink)
onlineexperts Banned Join Date: Mar 2007 Posts: 111 Rep Power: 0	How can fraud screening softwares detect fraud? Are they only used for online transactions? If you would have to buy those softwares, I believe that it is much better to train your employees or learn yourself how to be a legitimate merchant, may it be online or not.

05-20-2007	#6 (permalink)
jus_tin39 Junior Member Join Date: May 2007 Posts: 16 Rep Power: 0	Here is a list for some information for a seller, about how to inc. chances of a chargeback :::: 1. Proof of postage or delivery, such as online tracking numbers2 2. Copies of the original item description or auction description, including any photos 3.Proof that the buyer was already refunded 4.Proof that the buyer was provided with a replacement product 5. Correspondence with the buyer or feedback from the buyer 6.Any agreements signed or accepted by the buyer at time of purchase

07-19-2007	#7 (permalink)
mtajim Junior Member Join Date: Jul 2007 Posts: 21 Rep Power: 0	You can lots of such software that tell you to screen fraud but in real sense they are all waste , i have used many ways to protect from fraud but everytime i put some tool , someone comes and breaks in it.

08-19-2007	#8 (permalink)
whooped Junior Member Join Date: Aug 2007 Posts: 20 Rep Power: 0	A faxed physical signature usually goes a long way towards preventing fraud. But if not, then use the AVS. It is the acronym for the address verification service, which matches up the address on the card to the billing address that customers provide.

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