One of the most important areas that a company must protect themselves from is online payment fraud. In today’s modern era, many consumers are choosing to shop online. This has opened the doorway for businesses to accept and process credit cards in real time applications. Although this has created a doorway for business success, it has also enabled credit cards online fraud to become increasingly prevalent. In hopes of preventing fraud online, many companies are choosing to use higher security settings, encrypting credit cards, and are using strategies designed for preventing fraud online.

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Keywords: Consumer Fraud, fraud prevention, online payment fraud, payment fraud prevention

Labels: Consumer Fraud, fraud prevention, online payment fraud, payment fraud prevention