eCommerce Fraud is a major threat to many entrepreneurs and growing small businesses. It is vital to prepare a safeguard for your ecommerce platform. One of the first measures you could add is data encryption. Data encryption would allow only for a payment processor to be able to read the details of the transaction. Another way to enhance eCommerce protections is to install fraud protection tools. One example is to add a CVV filter. This filter adds another layer of protection to check if the transaction was fraudulent. If you are interested in more information on fraud protection tools and other ways to minimize eCommerce fraud check out the infographic below.
Infographic created by First Data, an emv processing company