Payment Processing Fraud Prevention

A payment processor is often a third-party company that
handles credit card transactions; and nine times out of ten the company does
not have the cardholder present. This can make id verification and fraud prevention
a little trickier, so we have these suggestions to make your transactions safe.

  • Obtain
    authorization approvals for all transactions. The floor limit for all
    non-face-to-face transactions is zero and that means that you need to
    receive an authorization approval for every single one of them, regardless
    of the transaction amount.
  • Get
    the expiration date. Always have your customer to provide her card’s
    expiration date. This is used as a way to verify that the customer is in a
    physical possession of her card during the time of the transaction.
  • Get
    the card security code. A person will not have access to this code unless
    they have physical possession of the card. While this will not completely
    eliminate fraudulent activity, it will deter it. Please note that you
    should never save card security cards in any of your systems this is
    forbidden by the Credit Card Networks and you will face penalties if
  • Use
    the Resident Verification and History. This is a service we provide in our
    IdentiFraud Consumer solution, where we verify the address is in fact
    occupied by the person who says they are occupying it.



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