| Yes credit card fraud can be detected and prevented, | | | | professional companies which had software resources |
| it is estimated that online merchant stores are 12 times | | | | and updated databases that were able to screen the |
| more susceptible to card fraud, than the | | | | genuineness of a credit card, before forwarding it to a |
| brick-and-mortar stores off-line, and to offset the | | | | payment gateway. |
| revenue loss on account of card fraud and | | | | The online store is linked to the service provider's |
| chargeback's, the online merchants are left with no | | | | server, after a customer enters the information that |
| other choice but to add the losses to the mark-up | | | | includes the billing address, the shipping address and |
| price of products being sold online. | | | | the credit card details, it is routed to the service |
| This has resulted in the products loosing the | | | | providers server, the authenticity of the credit card is |
| competitive edge on pricing that had been established | | | | screened and a score is generated by the service |
| over the past few years, consumers may soon revert | | | | provider, based on the score it is either forwarded to |
| back to shopping in brick-and-mortar stores if this trend | | | | the payment gateway for processing the credit card |
| is not reversed, fraud prevention measures should | | | | or sent back to the merchant if the transaction is |
| therefore be the top priority of e-commerce stores to | | | | flawed or is need of additional screening . |
| maintain the edge that prevails. | | | | There are multiple screening processes that these |
| In a recent study it was found that online stores that | | | | companies provide, and to that extent credit card |
| were protected with card fraud prevention measures, | | | | fraud has been controlled, to learn about more details |
| were able to cut down card fraud by 90% in the very | | | | on the nature of screening processes offered by the |
| first year of putting the preventive measures in place, | | | | service providers click here . |
| the security of the websites was entrusted to | | | | |