Merchant Account Credit Card Fraud  - Minimize Risk

Credit card fraud is something that can never be completely eliminated and nobody can "guarantee" you will never experience a fraud attempt. However, as a merchant, you can minimize the risk with proper transaction management. You should always follow the procedures recommended by your payment processor and the credit card companies. If you suspect a fraudulent order, contact your merchant service provider immediately so they can cut reduce the total number of charge backs.

Still have questions about merchant accounts or
credit card processing fraud?
Contact us via our web site or CALL 800.687.8505

What type of fraudulent credit card activity do merchants need to be concerned about?
There are a number of things that can raise “flags”.  Some examples are (1) the amount of a transaction, (2) where the transaction physically originates from, (3) does the location match the billing address of the card, , and (4) foreign transactions are often suspect, especially if total the item or items ordered exceeds your normal transaction size.

How does your payment gateway protect merchants from these types of fraud?
FAST TRANSACT's Fraud Barricade provides a customizable 13-feature interface. Our fraud protection includes credit card blacklist; email, IP address, and dot extension screening; AVS and CVV2 data and risk management controls. We also have an unalterable audit trail that tracks all system changes, transactions, and general user activity.

What are some of the advanced fraud features?
Approved / declined order limits, IP or origin match billing address, negative database, high risk country filter, and subscription limits.

What sets FAST TRANSACT apart from the other payment gateways on the market?
Our Agent Interface allows us to see all transaction data in real time. We also have sub-agent accounts available—this allows software companies or web developers who have integrated our product to set up gateway accounts on their own and monitor their client’s activity. Our CISP rebilling feature allows merchants to perform recurring transactions while adhering to the CISP standards. This feature is unique to FAST TRANSACT's payment gateway.

What is CISP?
CISP stands for Cardholder Information Security Program. It is a set of criteria that Visa created to ensure cardholder data is properly stored so it cannot be compromised by outside hackers OR by inside employees. When CISP was first created, only traditional credit cards had to be certified CISP compliant. Soon after, VISA changed the rules to include payment gateways. Software companies that have some sort of payment processing integration must also be certified by Visa to be CISP compliant or they risk leaving their clients open to fraud.

What is “integration”?
Integration occurs when a website or software product is coded to send card transaction data to a payment gateway.  If an online merchant has a shopping cart on their site, chances are its integrated with several different payment gateways. For example our gateway integrates with QuikStore, Miva Merchant, osCommerce and many others. Some webmasters choose to create their own transaction interface and connect the website directly with the payment gateway.

Is it less safe to integrate FAST TRANSACT's payment gateway directly to a merchant’s website?
Absolutely not. All of the fraud features mentioned earlier (AVS, CVV, Fraud Barricade) are available when integrating our payment gateway. Additionally we require that the IP address of the server sending the transaction data be entered into our access security section. This works with both static and dynamic IP’s. All server communication is done in a secure socket layer format..

If someone does directly integrate a website, does that mean the cardholder data is stored on a merchant’s server?
Only if the webmaster has programmed it that way. It is absolutely unnecessary for a merchant to store cardholder data. That is why gateways must be CISP compliant. The gateway will store all cardholder data.

Merchant Accounts | Payment Gateway Processing | Online Check Services | Credit Card Machines | eCommerce Shopping Carts | Affiliate Program | Gift Card Programs
About Us | Privacy Statement | Press Room | Employment Opportunities | Merchant Processing Terms | Credit Card FAQs | Contact Us | Sitemap | Home