With the boom in mail order, technology and the convenience of the Internet, many consumers are making card-not-present transactions. Card not present transactions benefit both the consumer and the business owner. By offering the convenience of card not present transactions, customers are able to patron stores hundreds of miles away from their home base. Consumers can now purchase goods and services which would otherwise not be available to them. Stores benefit by having an expanded world-wide customer base and without card-not-present transactions some small businesses would not stay afloat.

The downside to card not present transactions is there are criminals who can fraudulently obtain credit card details to purchase goods and services. The ease of making card-not-present transactions means that consumers and businesses have to monitor transactions to ensure that a thief is not making an illegal purchase.

Tips Consumers Can Take To Prevent Card Not Present Fraud

Tips Businesses Can Take To Prevent Card Not Present Fraud

Keywords: Business Fraud, Card Not Present, Consumer Fraud

Labels: Business Fraud, Card Not Present, Consumer Fraud