Protect Your Business From Fraud This Time of Year

Written by Chris Bishop on .

Tis’ the season of giving, but for many fraudster’s, it’s also an opportunity to take advantage of your hectic schedule! Fraud is on the rise during the holiday season. It’s even more important to keep your eyes open for the following fraud indicators. When more than one is true during a card-not-present transaction, fraud might be involved.

  • Larger-than-normal orders
  • Orders that include several of the same item
  • Shipping to an international address (Very High Risk)
  • Transactions with similar account numbers
  • Transactions placed on multiple cards or multiple transactions on one card over a very short period of time
  • Sales processed through the Deaf Relay System
  • Cardholder’s asking for Wires or funds through Western Union
  • Sales that seem “Too Good to be True”

*****Remember*****

Take every precaution at the point of sale. It’s important to take extra steps such as:

  • AVS (Address Verification) is a Match
  • Verify the CVV (3 digit security code) is a Match
  • Always ship to the AVS verified cardholder billing address
  • Look out for "red flags" for fraud signs that can be identified and stopped at the point of sale.
  • Check your batches daily! Especially if you are on automatic settlement and have an online store. 

This gives you the opportunity to identify if fraud is taking place, void the transaction, and then contact  risk/tech support for help.

 

If you aren't comfortable with any sale or the sale seems suspicious in any way you can deny the sale or ask for the cardholder to pay using alternate form of payment (i.e. wire, money order, cash).

 

If you have any questions or concerns regarding a transaction please contact the Risk Management Department at This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Best Regards,

Sage Payment Solutions, Inc.

Acumatica PartnerAcumatica Cloud ERP provides the best business management solution for transforming your company to thrive in the new digital economy. Built on a future-proof platform with open architecture for rapid integrations, scalability, and ease of use, Acumatica delivers unparalleled value to small and midmarket organizations.

Lean More
sage PartnerWhen it’s time for your business to move beyond simple accounting software, you can count on Sage to help you manage your manufacturing, distribution, and service industry processes from beginning to end. Unite your company so you can grow revenues, reduce costs, and increase profitability.

Lean More

Subscribe to Newsletter

Subscribe here for MBA Business Software's newsletter and product information to stay informed about the products and services offered by MBA.

90 Minds
90 Minds Consulting Group is an 
association of proactive consulting professionals who combine technology skills while still operating their own independent companies.

MBA Business Software
Headquarters
1117 Perimeter Center West, 
Suite E210
Sandy Springs, Georgia 30338
(P) 678-495-5700 
(F) 770-399-5772

Remote Offices
Chicago, Illinois
Cape Coral, Florida

twitterfacebookyoutubefeedlinkedin