Internet & Ecommerce fraud has opened new frontiers for various online thieves, criminals, and other financial predators to threaten merchants. Online & ecommerce fraud protection is a necessity for any business, company, organization to be fully operational and have peace of mine.
Online Fraud Protection In its 2009 Internet Crime Report, the Internet Crime Complaint Center (IC3) noted that complaint submissions including online credit card fraud complaints increased by more than 22 percent over the previous year. For the 146,663 cases IC3 referred to local, state and federal law enforcement agencies, nearly $559.7 million was lost which more than doubled from a 2008 losse of $264.6 million.
Anyone operating online, including non-profit companies should be active and aggressive in implementing safeguards for online detection & protection
Credit Card Protection Address Verification System (AVS) and Credit Card ID, also referred to as CVV2 or CVC are good tools to establish a base for Credit card fraud .
AVS verifies the identity of the person attempting a transaction by cross checking a billing address provided by a user with an address on file at a credit card issuer. CVV2 is a 3- or 4- digit number printed on the back of MasterCard, Visa and Discover credit or debit cards (on the front of American Express cards) that merchants ask for in card-not-present (CNP) transactions on the Internet, by mail or fax, or over the phone.
PCI Compliance In addition to fraud protection services that Embassy Bankcard Solutions can guide you on, becoming PCI compliant is a necessary step and deterrence to fraud and data breach protection.
Data breach protection defends against unscrupulous thieves and fraudsters that sabotage personal unencrypted information .
Breach protection can start by installing firewalls and using anti-virus software to more advanced measures like monitoring transactions and validating all information before shipping any goods or products to the consumer
All of these tools, combined with security best practices, are a merchant's best line of defense against any possible financial threats or breaches.
Please call Embassy Bankcard Solutions at 877-982-0700 to learn how we can guide you in a best practices defense system against online fraud.
Merchant Account Services 
QwickPAY is a complete payment solution allowing a merchant’s iPhone®, iPad®, iPod Touch®, Samsung Galaxy Tab™ or other Android® mobile device to evolve into a highly secure payment system. With QwickPAY, credit and signature debit sales can be accepted anytime, anyplace. Merchants simply have to swipe a credit or signature debit card using the iDynamo or BulleT Secure Card Reader Authenticator (SCRA).
