Merchants to prevent fraud

dasha101 · 03-05-2007

It is important for merchants to know how to prevent frauds. They have to protect their customers. There are ways how to prevent this. Like for transactions with credit cards present, be sure to train your employees about detecting possible fraud transactions and carefully check the cards for alteration.

For transactions without the presence of a card, verify the customer's billing address either thru internet or phone. Any ideas to add here?

swapnil90 · 03-05-2007

I think that sahould be perfect...hmm

be sure on the quality of the good of the transaction

in case of link, keep track if the link is present for the time specified !!

webspider2005 · 03-12-2007

For over the counter credit card payment, make sure that the customer's credit card signature matches with his or her signature. You could verify this by requesting a valid ID.

**Cal813** · 03-13-2007

Most frauds happen ONLINE, rather than in person. On average a person who's stolen a CC wouldn't neccessarly use it in person. Instead they use it for products and services, which are use in-direct interation, so they have a less of a chance for getting caught.

**onlineexperts** · 03-14-2007

Transactions that are done in person are easily traced and therefore scammers tend to do all the scamming online where they could get away with it.

**rant** · 03-17-2007

Just be more vigilant in accepting credit cards, be sure to check at least two of the credit card owner's information. Always perform verification from them cos that is the only way to help lessen scamming and identity theft cases.

**louj** · 03-19-2007

Thanks for the update news. They should hit themselves on the back instead of patting them. I don't know if anyone noticed but no hard working 2nd class citizen could ever be able to get $200,000 in his whole life even if he works 3 shifts.

maverick_ymca · 03-20-2007

report all your fraudalent transactions to authorities . surely it will help fraud to be checked

scamout · 03-21-2007

Quote:

Originally Posted by webspider2005

For over the counter credit card payment, make sure that the customer's credit card signature matches with his or her signature. You could verify this by requesting a valid ID.

Requesting an ID as a condition of a sale is a violation of Visa and MC regulations. Doing so will open up for a huge fine and termination of your merchant account.

See
http://usa.visa.com/download/merchan..._merchants.pdf

chandni_aqua · 03-22-2007

In order to carry out transactions there has to be a identity validation process. any kinda photo identity and i appreciate someone who mentioned the signature identification

03-05-2007	#1 (permalink)
dasha101 Senior Member Join Date: Feb 2007 Posts: 184 Rep Power: 2	Merchants to prevent fraud It is important for merchants to know how to prevent frauds. They have to protect their customers. There are ways how to prevent this. Like for transactions with credit cards present, be sure to train your employees about detecting possible fraud transactions and carefully check the cards for alteration. For transactions without the presence of a card, verify the customer's billing address either thru internet or phone. Any ideas to add here?

03-12-2007	#3 (permalink)
webspider2005 Junior Member Join Date: Mar 2007 Posts: 10 Rep Power: 0	For over the counter credit card payment, make sure that the customer's credit card signature matches with his or her signature. You could verify this by requesting a valid ID. __________________ Web Help!

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03-05-2007	#2 (permalink)
swapnil90 Senior Member Join Date: Feb 2007 Posts: 255 Rep Power: 2	I think that sahould be perfect...hmm be sure on the quality of the good of the transaction in case of link, keep track if the link is present for the time specified !!

03-13-2007	#4 (permalink)
Cal813 Banned Join Date: Mar 2007 Posts: 22 Rep Power: 0	Most frauds happen ONLINE, rather than in person. On average a person who's stolen a CC wouldn't neccessarly use it in person. Instead they use it for products and services, which are use in-direct interation, so they have a less of a chance for getting caught.

03-14-2007	#5 (permalink)
onlineexperts Banned Join Date: Mar 2007 Posts: 111 Rep Power: 0	Transactions that are done in person are easily traced and therefore scammers tend to do all the scamming online where they could get away with it.

03-17-2007	#6 (permalink)
rant Banned Join Date: Mar 2007 Posts: 106 Rep Power: 0	Just be more vigilant in accepting credit cards, be sure to check at least two of the credit card owner's information. Always perform verification from them cos that is the only way to help lessen scamming and identity theft cases.

03-19-2007	#7 (permalink)
louj Banned Join Date: Mar 2007 Posts: 139 Rep Power: 0	Thanks for the update news. They should hit themselves on the back instead of patting them. I don't know if anyone noticed but no hard working 2nd class citizen could ever be able to get $200,000 in his whole life even if he works 3 shifts.

03-20-2007	#8 (permalink)
maverick_ymca Member Join Date: Mar 2007 Posts: 35 Rep Power: 0	report all your fraudalent transactions to authorities . surely it will help fraud to be checked

03-22-2007	#10 (permalink)
chandni_aqua Senior Member Join Date: Mar 2007 Posts: 121 Rep Power: 2	In order to carry out transactions there has to be a identity validation process. any kinda photo identity and i appreciate someone who mentioned the signature identification

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