| <!-- @page { margin: 2cm } P { margin-bottom: | | | | Never immediately cancel a transaction based on your |
| 0.21cm } --> | | | | negative file unless you are absolutely positive it is a |
| Individuals are not the only victims of credit card fraud. | | | | fraudulent profile. The last thing you would want to do |
| Businesses, from large corporations to small local | | | | is reject a valid consumer and insult a potential |
| shops, are the target for a number of different | | | | customer. |
| fraudulent schemes. If you are a merchant and find | | | | |
| yourself a victim, you could lose capital, identification | | | | Step 3: Report the Fraudulent Crime |
| security, or, even worse, the business all together. Here | | | | |
| are the most critical steps you need to take to catch | | | | To build a solid case for reporting to the authorities, |
| the cyber criminal. | | | | summarize all the information you possibly can, make it |
| | | | | understand, and take it in person. Make sure that you |
| Step 1: Document the Fraudulent Transaction | | | | have an executive summary, with all the most |
| | | | | important details are early and often. The most critical |
| As soon as you suspect your business has been | | | | details to include, if you can report them, are the IP |
| victimized, document everything you can about the | | | | address and the shipping address. |
| fraudulent transaction. Documentation will help you build | | | | |
| a criminal case, track fraud within your business, and | | | | The greatest way to protect your business from |
| get the root cause of how you fell victim. If you can, | | | | credit card fraud is by employing credit card |
| capture and record the shipping address, shipping | | | | processing services from a company who proactively |
| telephone number, and IP address of the fraudulent | | | | prevents it. Veritrans has the credit card processing |
| transaction. A signature at the time of delivery is also a | | | | fraud prevention your business needs with superior |
| very strong piece of evidence for building a solid case. | | | | quality service and no hidden fees. Guaranteed. |
| | | | | Veritrans offers retail, wireless, online, and MOTO |
| Step 2: Create a Negative File | | | | processing for all types of major brand cards: Visa, |
| | | | | MasterCard, American Express, Discover, JCB |
| A long-term tool that is very helpful for any merchant | | | | (Japan's Credit Card), Pin-based debit cards and EBT |
| is a negative file. A negative file focuses on fraudulent | | | | (food stamps) cards. |
| criminals that have graced you with their tainted touch. | | | | |
| Keep a record of all the credit card information, names, | | | | Even if you already have an account somewhere else, |
| shipping addresses, and IP addresses. If you have time, | | | | call Veritrans for a free and confidential analysis of |
| compare every transaction with your negative file and | | | | your current contract and fees. We will protect you |
| if there are any close matches, launch an internal | | | | from fraud, and help you understand and walk you |
| review. | | | | through our cost-effective card processing service |
| | | | | solutions. |