February 13, 2012

Internet credit card processing: aggressive fraud controls

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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