Online Transaction Processing Includes Online Fraud Prevention and Detection
Most companies today sell products through their main website. Products can be accessed and viewed by an online product catalog. The catalog shows prices, sizes, dimensions, and even reviews.
Customers search this catalog for specific products or product lines. They can even find various sizes and colors for products sold. Many people prefer shopping online rather than in a direct store.
Shopping in a brick and mortar store can take an incredibly long time. Customers have to search through racks of items or products. This takes awhile and often results in not finding the product.
For this reason, many people shop online at the company site. This is beneficial as it houses all products a company promotes. This alleviates the need to visit several store locations in a city.
Online shopping is great, but many issues have come as a result. Fraud is a major issue customers and companies face in today’s world. Online fraud detection and online fraud prevention is needed.
Online fraud detection normally occurs at a certain time in purchases. This happens during online transaction processing on the website. Online transaction processing is often done via a secured transaction.
A secured online transaction processing site does not stop fraud. Fraud occurs when a person uses a stolen credit card number. Another type of fraud is using a person’s store credit account.
The type of fraud is identified in online transaction processing. This is a huge part of online fraud prevention for a company. The fraud type dictates the type of online fraud prevention service.
Online fraud detection involves certain steps in ecommerce sites. These steps are placed on ecommerce websites by professionals. These professionals know the ins and outs of online fraud detection.
The steps placed are highly effective at online fraud detection. Online fraud prevention steps help identify the consumer online. Identification of the consumer is the key to stopping fraud.
The easiest steps to use for online fraud prevention are pins. These are pin numbers entered during an online transaction processing. Pin numbers help identify a person and links them to a certain card.
Pin numbers are obtained by an online fraud detection service. The online fraud detection service calls people during transactions. The phone call is an automated message with a verified pin number.
This works in online fraud prevention as some do not give a number. Most fraud attempts will not reveal their phone number online. Most frauds cancel the online transaction processing and move on.
About Us
TeleSign is a global Internet security company providing phone-based authentication and verification services to help web-based organizations identify and substantially reduce online fraud and spam. One of such service includes Online fraud detection. TeleSign products provide an easy-to-implement and powerful way to stop fraud using the telephone. TeleSign serves organizations of all sizes and has more than a billion authentication and verification transactions to over 200 countries. For More Details visit us at http://www.telesign.com.
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