Fraud Protection Is More Important Than Ever

Why isn’t it possible to solve the problem of credit card fraud? The leading companies in the sphere of electronic payments invest into the development of various fraud protection tools and techniques. For instance, biometric authentication is gaining popularity and there is a point of view that it can prevent identity thefts with their further usage.

New and new fraud protection solutions are developed but simultaneously new and new fraudulent techniques are emerging. It is impossible to avoid card fraud but the best option is to use the existing fraud protection tools in order to reduce its level. There are fraud protection mechanisms that are commonly used by merchants. Let’s describe them in brief. They are 3D Secure (provides the additional authentication step), AVS (additional verification service), IP-address-based techniques (allows to identify the location of the customer) and other identity verification techniques.

Are you interested in additional information on different fraud protection tools? Check out this publication at #UniPayGateway. Some additional information on different fraud protection methods is provided at Paylosophy Payment Advice Portal.