| As a matter of routine, the first thing every morning | | | | mention here, a fraudster in the guise of a customer |
| what Michelle Collins (name changed for privacy) does, | | | | had cleverly manipulated the Proxy and IP settings on |
| is check the CRM of a web store she owns, Michelle | | | | his machine to buy merchandise on Michelle's online |
| is a fashion designer and most of the collections | | | | store, seven stolen credit cards were used to pay for |
| available in the store, are a result of her creative | | | | the merchandise, if the online store had a security |
| talents and a remarkable acumen. | | | | back-up that offered credit card fraud prevention |
| The morning of 2nd of March 2009 was very special, | | | | cover to online stores, Michelle would still be smiling. |
| it was the beginning of the week and Michelle was | | | | Chargeback's and Credit Card fraud dampen every |
| thrilled to note that the order section in the CRM was | | | | online merchant's enthusiasm, but an alert provided |
| bustling with entries and most of the entries had a | | | | by a back-up company that checks all parameters |
| shipped marked prominently besides them, with very | | | | before forwarding the credit card details to the |
| few entries marked pending . | | | | payment gateways can prevent credit card fraud to a |
| It was the beginning of the month and a wonderful | | | | great extent and in the manner prevent chargeback's. |
| start, so thought Michelle. Every store owner would be | | | | Michelle's online store lost $30,356, the fraud was |
| thrilled with a start like that and Michelle was no | | | | committed with a finesse that could have been |
| exception. | | | | tracked by a Merchant Risk Management Service |
| But the joy & excitement she experienced was | | | | provider or simply MerchantRMS. As a merchant |
| not to last, Joliet her store manager barged into the | | | | owner of an online enterprise, if you want to keep |
| office to inform her that two of the merchant banks | | | | smiling, then early measures can nullify the intent of a |
| had initiated a chargeback totaling $ 30,356. | | | | fraudster, whether he is from Nigeria or Pakistan. |
| How Michelle felt at that point of time does not need | | | | |