Security Issues and Credit Card Fraud
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A few months back, I had an issue with a customer who paid for her order with a stolen credit card. Since then, happily, she is in jail, but I am still out the product and the funds that I had to eat to pay back the credit card customer whose card was stolen. Well, I thought I learned then how to avoid this sort of thing in the future, but I have also learned that this happens so often that companies have actually put a line on their profit & loss statement just for these types of losses.
Credit card fraud may not cause much harm to large companies, but it is a headache and a half for small businesses. When most of your month’s income is eaten by someone who just took a fancy to your website and decided to victimize you, how do you handle it?
I thought it would be a good idea to come up with a standardized policy for all credit card transactions so that less fraudsters will slip through the cracks. However, thinking about all that I have lost has made me feel down in the dumps. It’s almost like someone wants to take away your livelihood. It’s just not right! Makes me want to find one of those beautiful Branson lots and disappear from the world.
Anyway, I have worked on this policy, but definitely need to tweak it a bit since I almost got defrauded again. I’ll try to create this policy and then post it here when I’m done.
Security Issues and Credit Card Fraud
A few months back, I had an issue with a customer who paid for her order with a stolen credit card. Since then, happily, she is in jail, but I am still out the product and the funds that I had to...
Detecting Credit Card Fraud
Are you good at detecting credit card fraud? Maybe you rely on special merchant software. I use Authorize Net for my merchant gateway. They supply a suite of software products to help in detecting credit card fraud. Of course, it's up to...
Detecting Credit Card Fraud
Are you good at detecting credit card fraud? Maybe you rely on special merchant software. I use Authorize Net for my merchant gateway. They supply a suite of software products to help in detecting credit card fraud. Of course, it's up to...
Detecting Credit Card Fraud
Are you good at detecting credit card fraud? Maybe you rely on special merchant software. I use Authorize Net for my merchant gateway. They supply a suite of software products to help in detecting credit card fraud. Of course, it's up to...
Detecting Credit Card Fraud
Are you good at detecting credit card fraud? Maybe you rely on special merchant software. I use Authorize Net for my merchant gateway. They supply a suite of software products to help in detecting credit card fraud. Of course, it's up to...
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