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Welcome to Charged
We get it, there’s a lot of information that is thrown at you from all directions in the payments industry, and it’s sometimes hard to sift through and absorb it all. That’s why we created Charged, the weekly news aggregator that highlights everything you need to know to remain successful in the marketplace with your card acceptance service.
While we’ll always email you about big picture items (think: product releases, processor connections, operational updates, etc.), we’ll communicate the rest of our updates right here, via Charged.
So grab a cup of coffee and let’s dive in – we’ll meet you back here soon for the latest news you need to know.
Avoid Brute Force eCommerce Attacks 🔐
Carding, also known as credit card stuffing, fraud or verification, happens when cybercriminals attempt to make small purchases with large volumes of stolen credit card numbers on one eCommerce platform
Have you been a victim to a carding attack?
- drastic uptick in chargebacks
- significant increase of multiple failed payment authorizations from the same user or location
- elevated shopping cart abandonment
- reduced shopping cart totals
How can eCommerce businesses prevent carding?
- CVV Validation. To defend customer accounts, you should require CVV validation. This is the code on the back of most major credit cards.
- AVS. You’ll also want to require an AVS or Address Verification Service code. It’ll tell you whether or not the address given online actually matches that of the cardholder.
- Transaction Minimums. You should also set a transaction amount minimum above $10, if possible (most carding events charge between $1 and $6). Also, it is helpful if you require a valid login to allow users to access your payment page.
- Throttle Transactions. Transaction throttling can also prevent fraud. It works by giving businesses a simple way to deliberately slow down data transfer speeds so transactions can be accepted at a rate that wouldn’t be conducive to a carding event.
- Add reCAPTCHA. Integrating reCAPTCHA technology onto eCommerce sites can also defend payments. It validates that all actions performed on a site are done so by humans and not bots or script automation.
As you can see, a little preparation for your eCommerce businesses can go a long way when it comes to preventing fraudulent attacks like carding. If you have questions on this topic, please contact us, we are always happy to continue the conversation.
EPS Custom 👨
From custom Text to Pay & QR code solutions, to custom business software development, integrations and even website design with SEO marketing, EPS’s complete suite of Enterprise technology services provides corporations the proper tools necessary to run an efficient and profitable corporation.
Custom Services:
- Text to Pay
- QR Code Payment Portals
- Custom Integrations
- Custom Platforms
- Custom Designed Application (Computer & Mobile)
- Website Development & Marketing / eCommerce Integrations / SEO Marketing
- Card Acceptance Security Consulting
CLICK HERE FOR: Custom Solutions – EPS Secure
Not an EPS Client?
We understand the thought of moving processing services is a daunting task, but, if you’re not receiving optimized interchange rates and fees, paying padded and erroneous processing charges, or aren’t up to date with PCI Compliance, the IRS 6050w or a handful of other items necessary to secure your business, all of which are impacting your bottom line, isn’t it time to seek some new advice?
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