Strategies For Merchant Accounts and Protection From Credit Card Fraud
Today, fraud protection and credit cards is a very important matter of discussion related to merchant accounts. You hear about the stories associated with lost or stolen credit cards. Also having your identity stolen and later discover you had charges not made by you is a very scary situation.
There is no one solution that prevents fraud. It takes an assortment of ways to fight it. Protection comes from knowledge and knowing the latest methods impacting the market. Researching issues listed below will help determine what your business can do to safeguard your fraud risk. Having the knowledge is an important step towards fighting fraud.
Keep an eye on people that:
Buy large amounts of merchandise without worrying about size, color, or price.
Don’t ask recommendations or questions on big dollar purchases.
Make an effort to distract or give you the bums rush during a sale.
Perform purchases and quickly leave the store, but then come back later and buy more merchandise.
Make large purchases just after the store’s opening, or as the store is closing.
This is just a sample of how fraud occurs on your account. There are others to consider, but these are the most obvious.
Innovative Merchant Solutions is always available to assist our customers 24 hours a day 365 days a year. They have been built not only on high-tech solutions, but also on award-winning customer service. They have recently been awarded the Arthur Andersen Award for Best Business Practices in Customer Satisfaction and the Ernst and Young Entrepreneur Award.
If you are an existing merchant or a new business looking to open up a merchant account and obtain a free rate review with exceptional customer service, than look no further.