Credit card fraud is a costly problem, with businesses losing billions of dollars every year to bogus transactions both online and in-person. Not only does credit card fraud lead to lost merchandise but also to lost time — and major headaches — spent straightening everything out.
Although banks and credit card issuers are constantly working to fight fraud, often adding features and security protections to cards to protect both customers and businesses, merchants still have a responsibility and the power to stop fraud before it happens. Criminals are becoming more sophisticated all the time, but there are still a few telltale signs that should trigger a closer look at certain transactions.
