Internet Credit Card Fraud
MerchantRMS has solutions to prevent it!
How does MerchantRMS assist businesses to curb Internet Credit Card Fraud?
We provide networked links to online businesses for screening online payments made through a credit card, an automated system checks the authenticity of the credit card before payment gateways process it, an alert is instantly sent to a merchant in case a fraud is uncovered.
What kinds of Internet Credit Card Fraud has MerchantRMS uncovered?
Most of the credit card frauds that occur on the Internet, are linked to identity thefts purported by fraudsters using sophisticated methods for stealing credit card information of genuine customers, the stolen CC details are effortlessly used on the Internet taking advantage of transactions where physical presence of a credit card is not required, MerchantRMS in most cases is able to track the fraudulent credit cards using technology, and backed by updated databases.
How can MerchantRMS track a fraudulent card from amongst genuine ones?
MerchantRMS is a networked service provider to more than 4000 businesses on the Internet, it is backed by multiple databases into which day-to-day updates on fraudulent credit cards is available, for instance device identification which can identify computers and devices used for a transaction, that data has information on the kind of computers that were used for fraudulent transactions, to describe this feature more aptly we call it device fingerprint, this is just one amongst several other screening measures which are used by MerchantRMS for tracking Internet Credit Card Fraud.
Is a customer on an online merchant’s website aware of the screening processes?
The entire screening processes are carried out on a covert platform, without the online customer being aware of it, these are automated screening processes which do not cause any form of inconvenience to a customer, these are straight forward measures adopted by MerchantRMS to help curb Internet Credit Card Fraud on a merchants website.
Click here to know about the features available in MerchantRMS
