5 Ways to Combat Card Not Present Fraud in 2017

Credit card fraud is an ongoing issue for retailers. While the recent adoption of chip technology has reduced fraud at point of sale purchases when the credit card is present, retailers face continued challenges with skimming and other card-not-present frauds, especially online. Retailers, however, can adopt some proven security measures to reduce the dangers of card-not-present fraud – from reviewing orders and calling customers to demand card security code verification at checkout to treating gift cards like credit cards.

Key Takeaways:

• Making online purchases with stolen card information. Thieves use stolen cardholder names, card account numbers, and card expiration dates to fraudulently purchase items online.
• “Testing” cards. Fraudsters make several small transactions online using stolen credit card numbers, to see whether the numbers will work.
• Intercepting packages. Thieves intercept packages containing products that they have purchased using stolen card information.

““Testing” cards. Fraudsters make several small transactions online using stolen credit card numbers, to see whether the numbers will work.”

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