With more than 160 million stolen credit cards and hundreds of millions of dollars lost, the United States Department of Justice has launched what it is calling the largest U.S. hacking operation in the country’s history. While there are still three men at large, officials arrested Vladimir Drinkman and Dmitry Smilianets in June 2012, both…
Category: Fraud Prevention
Identity Theft Prevention Tips and Tricks
As the e-commerce industry continues to spread worldwide, both merchants and consumers must focus on identity theft prevention. Between 2005 and 2010, credit card data theft increased by 50%, according to the U.S. Department of Justice. Below are some identity theft prevention tips to keep yourself and your customers safe. 1. Secure E-Commerce Websites Merchants…
Easy Tips to Avoid Friendly Fraud
It can be difficult to stop someone from attempting friendly fraud. However, you can reduce the chances of it resulting in a chargeback by streamlining your process for dealing with these situations so it is less of a burden on your business. Any of the tips below may not have a significant effect when implemented…
Preventing Chargebacks with Instabill.org
If you are struggling with high chargebacks, then Instabill.org is the website for you. We designed our newest site to help you in preventing chargebacks as well as understand them. However, we also created this site with consumers in mind. Instabill defines the difference between chargebacks and refunds as well as gives advice on how…
Fraud Awareness for Card-Not-Present Transactions
Through technological advances and the increase of computer-savvy hackers, it is more important than ever for e-commerce merchants to enhance their fraud prevention strategies. Just like Visa says, “If the card is not there, you need to be more aware.” There are many simple techniques merchants can implement to help prevent card-not-present fraud. Below is…
Protecting Your Customers' Credit Card Data from a Cyber Attack
Nearly every online news source has a handful of articles that discusses impending cyber attacks—2013 is the year for smartphone cyber attacks, major attack looming over the banking industry, cyberwarfare could take out the entire British military, cyber terrorism could send the economy crashing! Sure, the media and propaganda build up the hype to create…
Early Warning Signs for Chargebacks
Chargebacks are a merchant’s number one enemy when it comes to merchant accounts and credit card processing. However, Instabill performs a number of steps to help you prevent them from occurring. Reviewing Credit Card Orders The Instabill Risk Management Team reviews all transactions that pass through our payment gateway on a daily basis. We look…
How to Prevent the Most Common Chargebacks
There are numerous reasons why customers would file a chargeback—fraudulent purchases, damaged goods, and merchants accidentally double charging credit cards just to name a few. However, between Visa and MasterCard, merchants notice three very common chargeback reason codes. Luckily, there are ways merchants can prevent them, keep their chargeback ratios low, and their merchant services…
Fraud Prevention Techniques for Card-Not-Present Merchants
Instabill works with both card-present and card-not-present (CNP) merchants every day. However, CNP merchants must take extra precaution against fraud exposure and associated losses. Follow our fraud prevention techniques to avoid fraud for CNP transactions and protect your online merchant account. Make sure you obtain an authorization from the cardholder. Verify the card’s authenticity. Ask the…
Using Online Transaction Receipts to Help Prevent Chargebacks
When you run an online business and process card-not-present transactions, it’s all too simple to build up a high chargeback ratio–if you are not cautious, that is. A high chargeback ratio can result in a significant revenue loss (chargeback fees as well as losing the approved funds from the original purchase) and may even result…