Credit Card Fraud Prevention Services – How Your Business Can Verify Your Customers
All businesses are well aware of the fact that credit card theft is a huge problem today. Due to internet processing options, all a person needs are the numbers on the card and they can make a purchase quickly and easily. This is bad news for the millions of organizations that offer online purchase options and bill payments for their customers.
Hackers today have many ways to obtain this information as everyone knows. Using things such as key logging software or spyware, anyone can run the program and get the information they need. Once they have the card numbers, they can use it anywhere the card is accepted until the credit limit is reached or the owner discovers the problem and stops the use by cancelling the card.
Today, businesses can help protect themselves as well as the true owners of these cards by using credit card fraud prevention services. These services send a text or make a phone call to the person listed on the card. This call will contain a personal identification number, or a PIN, that must be entered into the website before the process can continue.
Everyone knows that the internet is a dangerous place today, but one must also realize that the internet is also a very necessary place to be for businesses. Without an online presence, a business doesn’t really exist in many cases. It is critical that online access is available for your customers in order for you to be fully successful.
Because of this, credit card fraud prevention services that are available today are helping all businesses verify the information of the credit card as well as the customer before processing transactions. This will help to limit losses based on the theft of credit card numbers by hackers and spammers. No one actually believes that it can be 100% stopped 100% of the time. But you can limit the problem to a very minimal number by using credit card fraud prevention services.
These services are available today through a variety of organizations. Credit Card Fraud Prevention services are important to protect your profit margin as well as to maintain your customers. If a customer’s credit card information was used by someone else to make a purchase from your website, chances are that customer isn’t going to be returning to your site any time soon.
About the Author:
Dexter Felton, being a professional Internet entrepreneur sometimes supplements his income by lecturing and writing articles about how to run a successful online business. She lives in Los Angeles with her husband and two beautiful children. For more information about Credit Card Fraud Prevention
Techniques please refer http://www.telesign.com/.
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