Internet credit card processing: aggressive fraud controls
By MoreMerchant on Jan 31, 2006 in Make Money on Web, Merchant Accounts, Misc
Internet Credit Card Processing requires more security and aggressive fraud controls than retail credit card processing because the credit card cannot be verified by swiping the credit card like with a retail merchant account. For this reason it’s very important to deal with a company that specializes in internet transactions and Internet Merchant Accounts. An Internet Merchant Account does not require a shopper’s signature and has requirements beyond a typical card-not-present or retail merchant account.
Features that maintain security
Prevent Duplicate Transactions - This feature tracks recent transactions to ensure the same transaction is not authorized more than once. This eliminates problems due to “double clicking” the transaction submit button as well as duplicate submittal of batch transactions. Transactions are tracked for duplicates over a one hour time period.
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