How to combat credit card fraud | emerchantpay

Credit card fraud has inevitably increased with the eCommerce rise globally. Did you know that eCommerce businesses lost 20 billion US dollars due to fraud in 2021? This fact alone underpins the importance of protecting your business’ revenue and trustworthiness from fraudsters and cyber-attackers.
In this video, we dig deeper into card payment fraud. We also answer some key questions businesses should ask their payment service provider about risk management so you can stop fraud in its tracks.
0:00 Fraud in eCommerce
0:29 Key questions about risk and fraud management
0:34 Monitoring fraud in real-time
0:51 Using geo-location and an Address Verification Service
1:21 Leveraging 3D Secure 2
2:24 Assigning transactions a risk score
3:23 Applying device and ID verification
3:44 Setting transaction limits
4:10 Accepting secure payments with emerchantpay
Read more about the importance of risk management in our blog: www.emerchantpay.com/insights...
#creditcardfraud #cardpayments #paymentsecurity #paymentprocessing #paymentgateway #eCommerce #onlinepayments #financialservices #paymentmethod #fintech
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