Fraud Prevention

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Understanding and Identifying Chargeback Fraud

Friendly Fraud Part 1 - Understanding and identifying chargeback fraud Friendly fraud, also known as chargeback fraud or digital transaction fraud, is a common problem faced by modern businesses. This type of fraud affects both online and physical stores and is widespread across industry sectors. While the terms 'friendly fraud' and 'chargeback fraud' are often used interchangeably, the intention behind each incident differs greatly and affects how you need [...]

By |2020-03-11T21:11:40+00:00March 11th, 2020|blogs, Chargeback Prevention, Fraud Prevention|

The Importance of Proactive Fraud Prevention

Operating a business in the modern world is full of challenges and opportunities. Along with producing great products and services, it's important to protect yourself financially. The reality is, businesses lose money through fraud all the time, so you'll want to stay on your toes when it comes to financial matters. Rather than hoping for the best or dealing with problems after they occur, proactive fraud management can help [...]

By |2020-02-13T13:40:34+00:00February 13th, 2020|Fraud Prevention|

Different Types of Credit Card Fraud

Credit card fraud accounts for about 30% of identity theft cases. As more and more people turn to ecommerce for shopping as well as starting a business or taking their existing one online, the importance of keeping your data safe has never been more important. At Pinpoint Payments, we have protected many businesses from credit card fraud and one thing we’ve noticed is that people don’t realize just how [...]

By |2019-09-16T17:42:33+00:00August 16th, 2019|blogs, Fraud Prevention|

Card Not Present Transactions

In the past, if a customer did not have a physical debit or credit card on them, it would be nearly impossible to make a purchase. Not in today’s world. A customer can complete a purchase today without being physically present. These types of payment options are called card not present transactions. This type of transaction occurs when either the cardholder is not present or the credit card is [...]

Credit Card Chargeback Resolutions

Visa Claims Resolution Small and large business owners take note: In April of 2017, Visa launched Visa Claims Resolution (VCR), a new global dispute process for credit card chargebacks. With this process, Visa’s objective is to reduce timelines and bring simplification to the chargeback dispute process. The previous system was a litigation-based model, whereas the new process is based on a liability assignment model. Visa made this change because [...]