With the implementation of EMV in the USA consumer marketplace, fraud has made a shift from card present transactions to the e-commerce world. Merchants taking payments on the Internet through an online store need to take extra care when it comes to screening online transactions. Here are a couple of strategies that can help mitigate e-commerce fraud:
To recap, with the implementation of EMV, credit card fraud is shifting to e-commerce environments. Always check the proximity of the cardholder from your establishment, accept a different form of payment for large first orders from new customers and if it sounds too good to be true, it most likely is. Protect your company and finances from fraud that can easily be mitigated to ensure continued success of your small business.
To learn more about SignaPay | PayHub solutions –Flexible Pricing, Frictionless Applications, Click-to-Agree, Equipment and Analytics and EMV Liability Shift go to signapay.com or call us at 866.790.3995.
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