| Credit
and debit card fraud costs American business billions
of dollars every year. Thieves work overtime to
find ways to steal from merchants. Often disgruntled
or dishonest employees – as well as customers
– are masters at making money the illegal
way ... and not getting caught.
As such, real-time fraud and transaction
monitoring are critical to a merchant’s
business success. That’s why large merchants
have entire departments and controls devoted to
detecting and preventing fraud. They analyze patterns
and transaction types real-time, identify those
that appear to be suspicious and take quick action
to counter them.
Small and mid-sized merchants,
on the other hand, need to rely on their merchant
acquirers to provide them with the tools needed
to do this required monitoring. Yet, many merchant
acquirers don’t provide them, leaving their
clients exposed and vulnerable. Small and mid-sized
merchants must recognize the risk and protect
themselves against it.
Small and mid-sized businesses
have the right to the same real-time fraud and
transaction monitoring systems of the big companies. |
