Payments fraud is a widespread and a difficult issue in the fuel segment. Fuel dispensers are a common target for certain types of fraud – and fuel merchants often lack visibility into the level and impact of that fraud. This causes a profitability issue all by itself, but the even bigger issue is that the...
What is Card-Not-Present fraud? The growing problem of card-not-present fraud harms both online consumers and online merchants. This type of fraud occurs in fraudulent transactions where a cardholder does not present a card to a merchant in person. Instead it is being used on the internet, phone and mail-order transactions. Usually in most cases, this...
We’ve noticed a resurgence in the popularity for the Overpayment Scam, and if your business advertises its products or services online, be aware, that you could be a target. Also referred to as a Cash Forwarding, or Cash Advance Scam, the con involves fraudsters paying for a purchase with a stolen credit card, then requesting...
If your business accepts credit cards, then there may be a time when you have a customer use a credit card that is not rightfully theirs. When customers commit fraud, then your business is exposed to the risk of chargebacks to recoup the lost funds for the customer who was victimized by fraud. By knowing...
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