Credit Card Fraud Prevention Tips for Online Payments (sponsored)

Many accounts receivable payments are made online or by phone. With the recent news of data breaches and the always-present threat of fraud, it’s important to keep your agency and consumers safe during card not present transactions. Fortunately, there are many simple tactics you can employ to prevent fraudulent transactions and reduce the risk of a data breach to your business. 

Require AVS

Enabling the Address Verification System (AVS) is a simple way to avoid fraudulent payments that will harm your consumers and cause your chargebacks to increase. Requiring your consumer’s billing address along with their card payment allows the system to match the billing address of a card to the address offered at the time of payment. If an AVS matching fraud module is enabled on your merchant account and the address does not match, the card will be declined.

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