Within the payment industry, there is one phrase that can send chills down a merchant's spine like no other...credit card fraud. There are a lot of questions surrounding the issue:
The GOOD NEWS: new innovations in credit card technology and the efforts of some dedicated individuals are making your payments safer every day. As explained in an article by Steve Ragan in the Tech Herald, people such as Tom Patterson, current CSO of Magtek and a former FBI advisor on cyber security, are working on the use magnetic fingerprint technology to stop these con artists in their tracks. He and others are working on using proven technology to combat credit card fraud and its ties to global organized crime.
As far as what you can do on a micro level, make sure that your business stays up with the latest PCI compliance standards. If you accept credit cards, you need to use a payment processor, such as North American Bancard, that is dedicated to helping your business stay secure. Keep a close watch on all transaction activity and stay informed. You can drastically decrease your risk of being targeted by following these precautions.
For more information on payment solutions that will help your business maintain a high level of security, call 1-800-BANCARD to speak with an NAB representative today.
- How can I spot a skimmer?
- What can I do to decrease my risk of being targeted?
- How do I prevent it?
- Can I prevent it?
The GOOD NEWS: new innovations in credit card technology and the efforts of some dedicated individuals are making your payments safer every day. As explained in an article by Steve Ragan in the Tech Herald, people such as Tom Patterson, current CSO of Magtek and a former FBI advisor on cyber security, are working on the use magnetic fingerprint technology to stop these con artists in their tracks. He and others are working on using proven technology to combat credit card fraud and its ties to global organized crime.
As far as what you can do on a micro level, make sure that your business stays up with the latest PCI compliance standards. If you accept credit cards, you need to use a payment processor, such as North American Bancard, that is dedicated to helping your business stay secure. Keep a close watch on all transaction activity and stay informed. You can drastically decrease your risk of being targeted by following these precautions.
For more information on payment solutions that will help your business maintain a high level of security, call 1-800-BANCARD to speak with an NAB representative today.
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