Prevent Credit Card Fraud: Before, During and After a Sale


By Staff Reports

(DGIwire) — Fraud is everywhere—and it can rear its ugly head anyplace at any time, particularly when it comes to retail. That’s why it’s crucial for merchants to remain vigilant and take proper precautions before, during and after a transaction. Here are some steps that retailers can take to protect themselves:

  • Before the sale. Understanding how the credit card processing industry functions is the best way to prevent fraud before a transaction is processed. This is why compliance with procedures on matters like long-term contracts and equipment leasing is so essential before a service is chosen.

2.During the sale. Once processing begins, the merchant has the ability to prevent credit card fraud during a sale. Be mindful of internal fraud, including employees who might misuse data, and external fraud, involving customers who identify a merchant’s weak spots. To prevent this, keep credit card data safe and be vigilant about any returns.

3.After the sale. Many business owners think of credit cards as “money in the bank” and most of the time they are right. But a large part of credit card fraud happens after the transaction occurs, including not asking for proper identification and disposing of customer receipts too soon.

Although taking these steps can go a long way toward preventing credit card fraud, no merchant is completely immune, no matter how careful they are. In an age where procuring a fake ID for the purposes of criminal activity has never been easier, using every means to protect themselves has never been more important for today’s merchant.

Now they have a new fraud and risk management tool to help to do so: ID Risk Check™. Developed by Port Townsend, WA-based Intellicheck Mobilisa, ID Risk Check offers ID validation and authentication services along with fraud risk controls, all rolled into one.

Dr. Bill Roof, CEO of Intellicheck Mobilisa, says, “Despite the risk of credit card fraud that retailers continue to face, many companies have been slow to embrace new technology. By streamlining the process, ID Risk Check meets the need for greater fraud and loss prevention in retail applications—all with a simple swipe.”

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