Dec 29, 2015

Spike in CNP Fraud Bad News for Online Dating Sites

According to ACI Worldwide, the online fraud attempts rose 30% from 2014 to 2015. This spike was expected by analysts who referenced trends seen in Canada. When Canada migrated to EMV between 2008 and 2015, CNP fraud increased by 133% at the same time. ACI Worldwide shows that from January-to-July, fraud attempts in America went from 1 out of every...

Mar 28, 2014

Merchants Believe It Is Up To Them to Prevent Fraud

The upcoming of MasterCard and Visa (EMV) chip and pin cards to the U.S. has many American merchants worried about the inevitable shift of credit and debit card fraud from the point of sale to online channels. EMV cards, while highly effective in thwarting counterfeiting and related card-present fraud, offer no more fraud protection on the Internet than the magnetic-stripe...

Mar 27, 2014

Outsmarting Cyber Criminals

Cyber criminals and data hackers are constantly finding new ways to defeat retailers’ data security and fraud prevention systems. Sometimes these criminals come in a swipe thousands of dollars at once, or just a few dollars. Regardless of the amount stolen, the fact is that it should not happen. However, there are new technologies on the horizon to help stop...

Jan 29, 2014

Chargebacks: The Basics and How to Prevent Them

A chargeback can be a detriment to any customer that has to experience it. An overdrawn bank account can lead to cash flow complications and various financial problems. A credit card chargeback can be efficiently reversed by filing a particular complaint. Some of the different complaints that can be filed include fraudulence, erroneous billing and identity theft. When a complaint...

Oct 14, 2013

Chargeback Procedures and Fraud Prevention

A chargeback is the long drawn out version of a refund. The easiest way to deal with one: Stay on top of a request from a customer and send them the refund. They have up to six months to ask for their money back before they go for the chargeback, but it just is so much simpler to take care...