Card Not Present Transactions Requirements and Tips
Tips Consumers Can Take To Prevent Card Not Present Fraud
Keep in mind that a criminal does not have to be in possession of your card to make fraudulent purchases. A criminal can obtain your credit card information and make card-not-present transactions by just knowing your credit card number. You should always shred or burn your credit card statements. To protect yourself even further, you should always keep your bills and credit cards in a safe place away from the eyes of anyone who enters your home.
Tips Businesses Can Take To Prevent Card Not Present Fraud
Red flags for fraudulent purchases include: bulk transactions, first time shoppers, big ticket items are being purchased, rush delivery, shipping is requested to a different address than the customer or the shipping address is listed as an overseas address, large purchases are being made with numerous credit cards and shipped to a single address, separate purchases are being made but they are coming from a single Internet Protocol address.
All of these tips can help to prevent card not present transaction fraud. Consumers and businesses can work together to protect each other from potential criminals who want to ruin the credit of individuals and receive merchandise fraudulently.
Protect Yourself from Card Not Present Fraud