http://www.basicsofecommerce.com/credit-card-fraud-prevention-tips-what-are-your-best-tips-for-preventing-credit-card-fraud/ Helping Online Retailers Improve Their Sales Mon, 02 Aug 2010 15:50:52 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://www.basicsofecommerce.com/credit-card-fraud-prevention-tips-what-are-your-best-tips-for-preventing-credit-card-fraud/comment-page-1/#comment-83 Steve Mon, 15 Feb 2010 15:53:39 +0000 http://www.basicsofecommerce.com/?p=816#comment-83 Thank you for the comments. I appreciate the comments. I agree that accepting checks is another way to increase conversions online as it gives yet another way to accept payment. Can you explain, how does accepting checks reduce fraud? Is accepting checks using a check payment system more secure than credit cards? My understanding is that check payment systems have similiar types of risk as credit card systems. Fraudsters can spoof bank routing transit numbers and account numbers just like credit cards numbers, along with addresses, phone numbers and the like which help support the action. Check payment systems are good for adding additional payment methods to the sites, but I think "any" payment system whether its credit card, checks, paypal, etc, all have some inherent risk. Thank you for the comments. I appreciate the comments. I agree that accepting checks is another way to increase conversions online as it gives yet another way to accept payment. Can you explain, how does accepting checks reduce fraud? Is accepting checks using a check payment system more secure than credit cards? My understanding is that check payment systems have similiar types of risk as credit card systems. Fraudsters can spoof bank routing transit numbers and account numbers just like credit cards numbers, along with addresses, phone numbers and the like which help support the action. Check payment systems are good for adding additional payment methods to the sites, but I think “any” payment system whether its credit card, checks, paypal, etc, all have some inherent risk.

]]> http://www.basicsofecommerce.com/credit-card-fraud-prevention-tips-what-are-your-best-tips-for-preventing-credit-card-fraud/comment-page-1/#comment-81 Checks Only Sat, 13 Feb 2010 03:53:03 +0000 http://www.basicsofecommerce.com/?p=816#comment-81 A great way to decrease the amount of credit card fraud is to implement a top notch security program. Also, using a check payment system on the site can decrease credit card fraud. This is a great way to increase conversions, but at the same time decrease the potential for cc fraud. A great way to decrease the amount of credit card fraud is to implement a top notch security program. Also, using a check payment system on the site can decrease credit card fraud. This is a great way to increase conversions, but at the same time decrease the potential for cc fraud.

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