Card Not Present Fraud
Do you know if your customers really are who they say they are?
Card fraud is a global challenge to businesses. In the UK in 2010, card fraudsters attempted to defraud businesses of at least £4.4 billion and the latest estimates of the cost of card fraud to US businesses is $8.6 billion dollars.
For retailers, CNP fraud means costly chargebacks, lost profits, loss of physical goods, and potentially a loss of brand reputation. Over a thousand businesses rely on our technology and experience to distinguish legitimate customers from card fraudsters.
So how can we help you prevent Card Not Present fraud?
- Use our identity verification tools to trip up fraudsters by testing customer Name, Address & Date of Birth during the transaction
- Screen your transactions against known fraud and key fraud risk factors
- Check if your customers are physically located where they say they are using IP validation
- Use our fraud management tools to implement transactional decision rules and reduce the number transactions you manually review.
Find Out More about CNP Fraud Prevention:
192business deliver CNP fraud prevention tools to 47% of the UK's top online retailers. Find out how you can benefit; request your free demo and trial here.