Tag: fraud prevention

If there is enough evidence that a fraudulent credit card transaction may be under way, and if safe to do so, the merchant should pick up the card....

Skimming is the fraudulent copying, or "skimming," of the account information stored in the magnetic stripe of a credit or debit card....

The Mod 10 algorithm is used to verify credit card numbers by detecting all single-digit errors, before submitting transactions for authorization....

MO / TO merchants must verify the identity of their cardholders and the validity of the transaction prior to processing each card payment....

Managing the e-commerce transaction authorization process effectively will help reduce fraud risk, limit chargebacks and minimize customer disputes....