Suntrust Merchant Services
|The place to come to find the information you need about suntrust merchant services
and merchant services
Suntrust Merchant Services
Directory, and Resources
This site contains resources and articles for you to use when you are looking
for information about suntrust merchant services
. This site has articles,
to suntrust merchant services
, information and news. In the future we will
have reviews of products that will help you make your decision easier with suntrust merchant services
so you can save time
Preventing Online Fraud
By: Robert Levings
PREVENTING ONLINE FRAUD
By Robert Levings, President, EasyPay123
The following article deals with the issue of online fraud, its impact on merchants, and the ways that it can be prevented. It is part of a series of articles offered by EasyPay123 to help merchants understand the many facets of processing credit card payments.
As criminals become more sophisticated in their attempts to commit online credit card fraud, new technologies are required to discourage and detect fraud before it occurs. Risk of fraud is a potential barrier to online purchases. It can also be costly to merchants, since they must bear the costs of successfully disputed purchases. In addition, too many “charge-backs” can cause merchants to have their merchant account status downgraded or revoked, thereby negatively impacting their business. A number of technologies are emerging to both secure sensitive data and reduce the amount of successful fraud at the various stages of the order cycle.
Several technologies exist that verify data input by purchasers at the time an order is placed on a merchant’s website.
AVS (Address Verification Service) matches the street number and zip code that is entered by a purchaser with address information on file with the credit card companies. A message is then sent back to the payment gateway indicating the degree to which the address information matches (e.g. “Address matches, zip code does not”). Based on the AVS settings or 'filters' the merchant has set within the payment gateway, the merchant can then make a decision about how they wish to proceed with the transaction when there are mismatches. One key drawback to AVS processing is that checking occurs only after a valid authorization is returned. This means that there will be a hold on the customer’s account for the amount of the transaction, even though the merchant may decide to decline based upon the AVS results. This method is widely used, however.
EasyPay123’s AVS tool (powered by Skipjack Transaction Network) enables merchants to control ....[MORE]
These are our featured resources and providers for suntrust merchant services
. Feel free to check them out if you
are looking for resources and articles for you to
use. This list includes sites with articles, suntrust merchant services
information and news.
| SunTrust Banks, Inc.
... Cash management, lending, banking, and merchant services solutions to help you manage and grow your ... About SunTrust. SunTrust Banks, Inc. is one of the nation's largest commercial ...
[see more on SunTrust Banks, Inc.]
| First Data Merchant Services
First Data Corporation moves the world's money safely and reliably, making it easier, faster and more secure for people and businesses to buy and sell goods and services anywhere and anytime using virtually any form of payment. Our advanced ...
[see more on First Data Merchant Services]
| SunTrust - Card Processing & Merchant Services at SunTrust
Credit and debit card processing acceptance is essential for doing business today. It's convenient for customers and efficient for you. ... convenient for customers and efficient for you. SunTrust Merchant Services is uniquely positioned to provide you the ... Team of Experts. SunTrust Merchant Services has a team of full ...
[see more on SunTrust - Card Processing & Merchant Services at SunTrust]
Your Merchant Services News....