5 Tips to Detect Credit Card Fraud

Detecting fraudulent transactions can be tricky. Fraudsters target unwary merchants. These tips can help merchants avoid falling victim to credit card fraud.

A bank's address verification system checks a cardholder's name, address, and other personal information.

Use an Address Verification System

AVS match doesn't guarantee a purchase is legitimate, but a non-match indicates further investigation.

When making purchases online, a customer's IP address will typically be located close to their physical location because of the nature of the internet.

Verify the IP address of a customer 

If an IP address indicates that a purchase was made from a different country than the cardholder's address, the transaction's legitimacy may be called into question.

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Fraudulent orders often come from free or anonymous email addresses. Fraudsters create fake accounts to use stolen credit cards.

Be wary of anonymous email addresses 

The risk of fraud is reduced for merchants when items are restricted to being delivered only to the cardholder's billing address.

Ship only to the cardholder’s billing address 

Requesting a signature provides proof of delivery and prevents the same person from placing multiple fraudulent orders.

Multiple rush orders to the same address or sequential account numbers may indicate fraud.

Analyze transaction data 

Orders that are larger than usual for your company, or orders that include multiple quantities of a single item, should raise an eyebrow.

Thieves understand the importance of moving quickly before their victims realise their personal information has been stolen.

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