| t card fraud is a growing problem for online businesses | | | | cardholder to verify the order. |
| and can hurt your business in many ways. Fraudulent | | | | 6) Fax authorization with signature. You can ask the |
| credit card transactions are costing e-commerce | | | | cardholder to verify the order by sending a signed fax. |
| businesses many millions of dollars annually. | | | | 7) Make your anti-fraud policy visible. |
| So, it is very important to verify the cardholder's | | | | 8) Utilize anti-fraud services. |
| identity. | | | | Furthermore, you should be alert for transactions with |
| You can use software programs to detect fraudulent | | | | one or more of these characteristics: |
| orders or you can manually check each transaction for | | | | 1) A first-time customer places the order. |
| possible fraud. | | | | 2) Unusual or large orders. |
| Here are some steps that you can take as a | | | | 3) Customer is asking for rush delivery. |
| merchant to reduce credit card fraud: | | | | 4) Orders placed using free e-mail services. |
| 1) Check the buyers IP Address Location. Does this | | | | 5) Transactions made using similar credit card account |
| location match the cardholder’s location? | | | | numbers. |
| 2) Check the buyers e-mail domain. Criminals will use a | | | | More info about credit card fraud: |
| free e-mail provider. | | | | Nothing is 100% effective, but the above will at least |
| 3) IP Address indicating anonymous or open proxies? | | | | assist in decreasing the amount of credit card fraud |
| 4) Check the bank identification number. | | | | you experience online. |
| 5) Call the credit card holder. You can ask the | | | | |