For all who could relate to the guy in the recent blog webhost’s dairy, fraud detection software is an answer, that helps. The answer is the same for others, who have an e-commerce site, or handle e-transactions/payments.
Fraud screening checks are usually performed based on IP geographic location, proxy detection, and IP reputation information. There are tools/plugins, that integrate to popular shopping carts, and automation tools.
Most small and medium sized e-merchants face fraud with “Address Verification Service”/”Card Verification Code” and built-in features of their payment gateway, which is no match for the innovative(call it cutting edge?) methods adopted by fraudsters. The results are usually charge-backs and related disputes(headache). (more…)