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| Name | TIPS: Preventing Card Testing Fraud |
| Video Uploader | Video From Chargeback Gurus |
| Upload Date | This Video Uploaded At 25-11-2020 14:54:44 |
| Video Discription | Want to learn more about preventing fraud with Chargeback Gurus? Schedule a demo with us here: https://hubs.ly/H0mgh-T0 Card testing fraud refers to when a fraudster makes a very low transaction amount purchase with stolen credit card information. It is also known as card cracking. The intention with this transaction is to verify that the transaction will go through, so that they know whether or not they can use the card for other purchases. Low dollar or not, this type of fraud still presents an issue for merchants as they are the ones that the burden of chargebacks fall on. Don't let your revenue or your reputation be impacted by card testing fraud. With card testing transactions, the fraudster is hopeful that the dollar amount is insignificant enough to not raise any red flags. After that purchase is successfully made, the merchant's system recognizes the fraudster as a successful customer. That's why it's important to notice and address. Some ways to reduce and prevent card testing fraud from occurring are through using AVS and CVV verification services in the merchant's online payment gateway. Additionally, merchants can work to identify this type of fraud through monitoring small order activity, monitoring IP addresses, and blacklisting bad actors. Additionally, external automated fraud identification and filtering tools can be implemented into a merchant's payment gateway. A third-party company can help decide which filters and tools would be best used so merchants get a strategy tailored to their business. Read the article: https://www.chargebackgurus.com/blog/card-testing-fraud ©Chargeback Gurus 2020 Production: Courtney Freeman Narration: Phil Claffey |
| Category | People & Blogs |
| Tags | ecommerce | chargeback | charge back | chargebacks | friendly fraud | card not present | payment processing | card testing fraud | chargeback prevention | card cracking fraud | card testing | card cracking | fraud prevention | fraud protection |
