Tools to Detect Stolen Credit Cards

[mandy]

part 1 of a 3 part series.  Part 1 covers authorization, address verification services, and credit card verification method.

There are hundreds of branded tools that ecommerce merchants can turn to for help in catching fraudulent credit card orders. Some tools are free, and some come bundled or offered as additional features in payment processing systems like Authorize.net and Google Checkout. Others can be subscribed to, purchased as software or outsourced. As yet there doesn't appear to be any all-in-one solution, although some come close.

Many online merchants are already on board with fraud detection technology. The average merchant uses 4.4 fraud detection tools according to the 2008 "Online Fraud Report" from CyberSource, a major electronic payment and risk management solution provider. The trick is to wade through all of the tools to determine which ones are best for your type of sales, your type of data storage and your type of customer. These articles should give you a sense of where to start or what you might be missing...

full article: http://www.practicalecommerce.com/articl...rt-1-Of-3/

[mandy]

Part 2 of the series discusses 5 more fraud prevention tools:

Telephone verification
Email verification
IP geolocation
Device identification
BIN country matching

full article: http://www.practicalecommerce.com/articl...rt-2-Of-3/

[mandy]

Part 3 of the article covers:

Fraud scoring systems
Post-order diligence
Calling the credit card company or card issuing bank

full article: http://www.practicalecommerce.com/articl...rt-3-of-3/