{"id":4522,"date":"2014-07-15T14:12:00","date_gmt":"2014-07-15T14:12:00","guid":{"rendered":"https:\/\/evssolutions.com\/the-state-of-global-credit-card-fraud\/"},"modified":"2023-04-12T17:59:27","modified_gmt":"2023-04-12T17:59:27","slug":"the-state-of-global-credit-card-fraud","status":"publish","type":"post","link":"https:\/\/evssolutions.com\/insights\/the-state-of-global-credit-card-fraud\/","title":{"rendered":"The State of Global Credit Card Fraud"},"content":{"rendered":"

\"creditcardfraud\"<\/span><\/p>\n

You constantly hear about new ways for individuals
\nto protect themselves against credit card fraud, but what are the problems
\nbusinesses suffer due to this fraud?More and more purchases are being
\nmade by credit card either online or by telephone. Frequently, items are
\nshipped before credit card fraud is detected, and the business owners lose both
\nthe money from a potential purchase and the goods themselves. Protecting your
\nbusiness against credit card fraud is critically important.<\/span><\/p>\n

<\/p>\n

Unlike in most nations around the world,
\nwhere credit cards are required to have an electronic chip, businesses in the
\nUnited States are vulnerable to credit card fraud in person due to the far less
\nsecure magnetic strip in use here. Despite this flaw, a strong fraud prevention solutioncombined with certain basic precautions can reduce this
\nrisk. Requiring a drivers license and other types of ID verification are a big
\nhelp toward preventing fraud.<\/ins><\/span><\/span><\/p>\n

The most difficult type of credit card fraud to
\ndetect purchases made either over the phone or Internet is when the card is not
\nphysically present, frequently called CNP. These sales are inherently more
\nrisky, since the merchant cannot verify identity without a good identity
\nverification system. An additional preventive measure is for merchants to only
\nship to an address approved by the cardholder. Merchant banking systems offer
\nsimple methods of verifying this information. <\/span><\/span><\/p>\n

Identity theft is also the cause of significant
\nfinancial loss. This situation can only be effectively controlled with a good
\nelectronic and identification system. IdentiFraud Consumer<\/a> is the
\none-stop solution for consumer fraud prevention. By utilizing Age Verification,
\nDynamic Knowledge-Based Authentication, and various other consumer data, EVS
\ncan compile an Individual Fraud Score to understand the risk associate with
\neach customer. The threshold can be adjusted on the score ranking to only allow
\nthe trustworthiest clients to performance credit card transactions. This
\ncoupled with any of our other solutions readies a company for the fight against
\nthe threat of credit card fraud.<\/span><\/p>\n

<\/p>\n

[Contributed by EVS Marketing]<\/span><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

You constantly hear about new ways for individuals to protect themselves against credit card fraud, but what are the problems businesses suffer due to this fraud?More and more purchases are being made by credit card either online or by telephone.<\/p>\n","protected":false},"author":40,"featured_media":4523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34],"tags":[],"class_list":["post-4522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fraud-prevention"],"acf":[],"_links":{"self":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/comments?post=4522"}],"version-history":[{"count":0,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/posts\/4522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media\/4523"}],"wp:attachment":[{"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/media?parent=4522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/categories?post=4522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evssolutions.com\/wp-json\/wp\/v2\/tags?post=4522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}