Advocacy

Card Testing

Card testing fraud is a type of credit card fraud where fraudsters use automated software to test the validity of stolen credit card numbers. They do this by generating a large number of transactions, each for a small amount, to establish which credit card numbers are valid and which aren’t.

How to Prevent Card Testing Fraud

You can help prevent card testing fraud by implementing security measures such as Address Verification System (AVS) checks and Card Verification Value (CVV) checks. Many fraudsters don’t have valid CVV data, so requiring validation will block these attempts. Stolen credit card numbers are also often missing complete address and ZIP code information.

Chargeback Fraud

Chargeback fraud, also known as ‘friendly fraud’ or ‘first-party fraud’, is when a consumer disputes a charge on their credit card, which means businesses have to reverse the charge and refund the customer. Contrary to what the term ‘friendly fraud’ denotes, it’s a threat to be taken seriously because 34% of

How to Prevent Chargeback Fraud

The best way to prevent chargeback fraud is to have clear policies and procedures in place for handling customer complaints and disputes, and to document all transactions and customer interactions so that you can use them as evidence in the event of a claim. You should also require signatures upon

Identity Theft (Stolen Cards )

Stealing someone’s card online is essentially identity theft. Identity theft involves a fraudster stealing someone’s personal details, such as their name, social security number, credit card number, or any other sensitive info, and using it to make purchases in their name. Around two-thirds of remote card fraud is due to

How to Protect Against Stolen Card Information

ID verification – validating the identity of the person attempting payment is a simple and effective way to reduce card fraud, and can be achieved by comparing anything from biometric data to identity documents or mobile data to a verified data set. Two-factor authentication – this extra layer of protection

e-Payment Fraud

As e-commerce grows to dominate an ever larger segment of the global economy, criminals will inevitably follow the money. Payments providers, merchants, and e-commerce platforms are locked in a perpetual arms race with fraudsters, who are constantly developing more sophisticated ways to swindle and deceive. For example, bot attacks, which

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