Building a Better Fraud Force Field

What's Next In Payments®
2:08 PM EST February 7th, 2012

Click here to download a free copy of Chase Paymentech’s latetest white paper: Proactive Fraud Prevention for Online Retail.

No matter what your industry, fraud is a part of it. Did you know that merchants are paying $139 billion annually in fraud losses alone, according to the 2010 LexisNexis True Cost of Fraud Study? So how do you retain legitimate sales while preventing fraudulent transactions? Before a transaction is even completed, merchants should have in-house fraud prevention tools already in place, determining both the location and device identification of your customers. Partnering with the right payment processor is also an important factor as they most likely possess the in-house capability to route your transaction data through an internal risk-inquiry system for analysis and verification of any custom rules you have implemented. Educating yourself on the various different types of fraud, fraud prevention strategies and best practices is also an important strategy in your fight to combat fraudsters and fraudulent activity.

Click here to download a free copy of Chase Paymentech’s latetest white paper: Proactive Fraud Prevention for Online Retail.

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