• Red flags for fraudulent purchases include: bulk transactions, first time shoppers, big ticket items are being purchased, rush delivery, shipping is requested to a different address than the customer or the shipping address is listed as an overseas address, large purchases are being made with numerous credit cards and shipped to a single address, separate purchases are being made but they are coming from a single Internet Protocol address.
  
• The customer should be required to give you the three-digit number on the back of the card. This will ensure that the purchaser has the card in his or her possession.

Find out more information for Tips for Consumers - Preventing Fraud.

Labels: Business Fraud, Card Not Present, credit card fraud, credit card payments, online payment processing, prevent fraud

• Keep in mind that a criminal does not have to be in possession of your card to make fraudulent purchases. A criminal can obtain your credit card information and make card-not-present transactions by just knowing your credit card number. You should always shred or burn your credit card statements. To protect yourself even further, you should always keep your bills and credit cards in a safe place away from the eyes of anyone who enters your home.
  
• Be patient when you are making card not present transactions. Most businesses are now requiring that you give additional information when you make purchases to ensure that you are indeed the cardholder.

Find more useful tips for Business to Prevent Card Not Present Fraud.

Digg Story

Labels: Business Fraud, Card Not Present, Consumer Fraud, credit card fraud, online payment fraud, payment fraud prevention, prevent fraud

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