What is Fraud Prevention Information Resources And Payment Gateway?

801 Views Updated: 27 Jan 2018
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Here are helpful sources that can provide more information and assistance on avoiding credit card fraud in your business

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Posted by: Apoorv Joshi Posts: (19) Opinions: (1) Points: 391 Rank: 432
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Answer

When accepting credit and debit cards, it’s important to take steps to protect your business from fraud and fraudulent chargebacks.

Aside from phishing and hacking, if you accept a fraudulent payment, you could be held financially responsible for the loss. Having to deal with a fraudulent transaction — the chargeback process, and the potential hit to your company’s reputation — is unpleasant, to say the least.

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