Blog

Tag Archive: credit card fraud prevention

June 1, 2016

Why PCI Compliance Exists

You may have been assessed a $30 monthly penalty for failing to maintain a PCI Compliance Certificate with your credit card processor. That $30 does not go to your processor but rather to the acquiring banks who access the fine to your processor, such as Chosen Payments who then pass it on to the merchant. In 2006, an independent body was created by Amex, Visa, MasterCard, Discover and JCB effectively try and reduce credit card fraud caused by the poor handling of credit card information by merchants. On a grand scale, think of Target and its data breach of nearly...Read more


April 20, 2016

The Cost of Online Fraud – Verify Address Using AVS

The internet has undoubtedly changed the way we shop.  Shopping for many common household items and, clothing in particular, has become a way of life.  People are finding that ordering paper towels in bulk or even toothpaste through Amazon or other online merchants can be cheaper than buying at the grocery store and the product is delivered right to your door saving time and money. Unfortunately, this has created an increase in credit card fraud activity and merchants can be hurt financially in the process without controls in place to combat the activity.  Fraudulent sales result in chargebacks to the...Read more


August 12, 2015

How Do EMV® Solutions Help Americans? Number 3 May Surprise You

For many years now, debit and credit cards in the United States have been swiped thanks to the magnetic strips on their backs. But what many credit card companies and merchants didn’t realize was that this method opened consumers up to fraudulent charges on their credit cards and bank accounts due to minimal security features. As companies struggled to find solutions, 63% of merchants also dealt with credit card data breaches with their chip-and-pin machines by adding more security or plan to soon. As a result, more credit cards now feature EMV® solutions that do away with the magnetic strips...Read more

Recent Posts