Free Whitepaper

Risky Business
Protecting Your Business from Online Credit Card Fraud
By Andy Scott, Chief Security Officer

Credit card fraud costs the online retail industry as much as US$60 billion a year. Research estimates anywhere between 3% and 20% of online orders are fraudulent–a statistic that costs online merchants roughly 10% of their gross online revenue. 

The problem is the ubiquitous reliance of online merchants on credit card transactions, also known in the payments industry as “Card Not Present (CNP) transactions”. Because CNP only guarantees authorisation, not payment, online merchants are left open to serious financial losses from credit card fraud. This whitepaper outlines the issues with CNP transactions and how retailers can protect their business from the risks of online credit card fraud.

“Risky Business” discusses:

  • The true cost of online fraud
  • The problem with Card Not Present transactions
  • New credit card security features, such as 3-D Secure™
  • Identity checking and fraud monitoring best practices
  • Using third-party payment processors to mitigate risk
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Topics include: credit card fraud, card not present transactions, payment fraud, online fraud, cost of online fraud, accepting credit cards online, credit card declines, transaction security, fraud losses, card-not present fraud, CNP fraud, protecting business from fraud, financial losses of fraud, fraudulent transactions, charge-backs, fraudulent credit cards, credit card security, identity verification, indemnified funds.

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