Fraud is nothing new to the merchant. Since the beginning of time, man has always looked for the opportunity to defraud others - to gain goods or services without making payment. For the credit card industry, fraud is a part of doing business, and is something that is always a challenge. The merchants that are the best at preventing fraud are the ones that can adapt to change quickly. This book is written to provide information about how to prevent credit card fraud in the card-not-present space (mail order, telephone order, e-commerce). This book is meant to be an introduction to combating fraud, providing the basic concepts around credit card payment, the ways fraud is perpetrated, along with write ups that define and provide best practices on the use of 32 fraud-prevention techniques. 32 Detailed Fraud Prevention Techniques How to catch the Chameleon on the web Top 10 rules to prevent credit card fraud Understand common fraud schemes The one Fraud Prevention Technique no merchant can afford not to do Details on over 40 Vendors that sell fraud prevention tools and services, along with how to build it in-house Learn the anatomy of a Fraud Prevention Strategysecurity schemes Card Generator Fraud In this scheme a fraudster is working a bock of card numbers to find one or more that will work on a purchase. ... They will target smaller banks, and ones that are not up to date on the card types and solutions. ... data being submitted and hot list any elements that were the same across all of the orders, like the e-mail address, shipping address and phone number.
|Title||:||Fraud Prevention Techniques for Credit Card Fraud|
|Author||:||David A. Montague|
|Publisher||:||Trafford Publishing - 2004|