Protect Your Business From Fraud This Time of Year
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”