reporting credit card fraud | Payment Consulting Inc

Hi,

Well today must be “credit card fraud day” I’ve had two calls today about merchants receiving emails from prospective clients they don’t know emailing large orders with multiple credit card #s. Those are the first two big red flags. To avoid these types of scams first do the following.

-use the attached credit authorization form. Use this for any suspicious orders or actually all larger orders from any unknown client. If the prospect says they don’t have a fax machine, etc. don’t ship!

-on your terminal or POS run all cards as a “pre auth” or auth only” for $1.00. If you do less than a dollar even a good card will decline. You can then tell if the CVV code, address and zip code match the card by reading the approval receipt for AVS & Zip Code match. If they don’t ALL match don’t ship!

-if the emails contain a lot of bad or misspelled English this is another red flag.

Too bad this kind of stuff usually goes to spam before you get it. That’s why you always have to have an avs match before you ship to someone you don’t know. Most people don’t do anything which is how these scums stay in business. It takes some effort though. You can call the local police and see if they have any computer fraud specialists and if you really want to get them go to http://www.crimes-of-persuasion.com/Victims/reporting.htm and report him to every applicable agency.

Good Luck,

Bill
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Bill Hoidas
Payment Consultant Manager
Larger B2B/MOTO/Internet Accounts
Product Development Manager
Matrix Payment Systems
(847) 381-3482 office
(847) 381-4289 fax
http://paymentconsulting.net
http://chicago.citysearch.com/profile/44659273/barrington_il/matrix_payment_systems.html
John 3:16 For God so loved the world, that he gave his only begotten
Son, that whosoever believeth in him should not perish, but have
everlasting life.

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Posted By Bill Hoidas to Payment Processing at 7/09/2008 04:01:00 PM

—
Bill Hoidas
Payment Consultant Manager
Larger B2B/MOTO/Internet Accounts
Product Development Manager
Matrix Payment Systems
(847) 381-3482 office
(847) 381-4289 fax
http://paymentconsulting.net
http://chicago.citysearch.com/profile/44659273/barrington_il/matrix_payment_systems.html
John 3:16 For God so loved the world, that he gave his only begotten
Son, that whosoever believeth in him should not perish, but have
everlasting life.