The Fraud Practice eCommerce blog offers discussions, information and training to merchants and individuals selling items thru the internet. Excerpts used in the blog are taken from our Fraud Library at www.fraudpractice.com...
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The Fraud Practice eCommerce blog offers discussions, information and training to merchants and individuals selling items thru the internet. Excerpts used in the blog are taken from our Fraud Library at www.fraudpractice.com/fraudlibrary.html. We have attempted to keep information non-vendor specific. Just sold something on eBay, and want to know if the buyer is legitimate? Are you a high volume eCommerce merchant looking to prevent fraud? This is the place to learn how eCommerce payments and fraud really work!
Wikizines are interactive magazines that anyone can create or edit - and this one is called "eCommerce Fraud". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article...
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A practical means of verification ... Telephone verification is the process of calling back a consumer at the phone number they have provided, in order to verify the phone is working and the person in possession of the phone is the one placing the order. How Good Is It? Typically phone verification is used in manual reviews to do one more verification of a consumer’s address and phone information when AVS is not a full match. But some merchants are using automated telephone verification...
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I have been working with merchants for years, and I am still amazed at the creativity fraudsters come up with to defraud merchants. These people aren’t stupid, uneducated thugs. They are educated, crafty and patient. If there is one thing I have learned from my experiences, I know that even if you wanted to, it is not realistic to think you can stop all fraud. There are just too many ways to create a perfect one-use identity. The resources, time, money and people I would have to put into...
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I have to say up front that I actually find this hard to believe, and I cannot say I have ever seen or heard this from sites I was working with. According to the eCommerce Checkout Report, conducted by Elastic Path, and presented by Jason Billingsley, on the Internet's Top 100 Online Retailers merchants, merchants that did not make the card security code entry required were able to achieve a 40% higher conversion rate. You can read more on this article in our Fraud Library. http://www...
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Not always a bad thing ... Manual review is a technique in which merchants use staff members to perform manual checks on orders to determine which orders are fraudulent. How Good Is It? In general, this is not a very good fraud-prevention technique. The quality and effectiveness of manual reviews is directly proportional to the knowledge and experience of the review staff, and the tools and process that they have established to perform manual reviews. You can read the full article at...
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An Odessa man is indicted on 27 counts of credit card fraud and identity theft. Dennis Heldt, 49, is accused of breaking into vehicles in amarillo, midland and odessa, and stealing credit cards.
An Ottawa charity has filed a half-million-dollar lawsuit against a former bookkeeper, alleging he stole more than $350,000 of donor money to buy a new house and pay off credit card debt.
I went on a shopping spree yesterday and Wells Fargo got scared. After my fourth purchase in 45 minutes they locked down my card to make sure some scamster hadn't swiped my stuff.
With, we have not been notified of any unauthorized use, it is important to remember with 800-952-8145 may not be answered in this q&a. With fraud alert protection will require note and you are to provide ...
