What is a chargeback Chargeback is the process of reversing a credit card transaction by the cardholder’s bank. It will happen after the cardholder disputes a transaction. Understanding chargebacks is crucial for businesses to effectively manage disputes and maintain healthy merchant-consumer relationships. Initially, the chargeback was introduced to protect the […]
Fraud prevention checklist – Comprehensive guide to safeguarding your online business
In the fast-paced world of e-commerce, the convenience of online transactions comes hand in hand with the increasing risk of fraudulent activities. As an online business owner, safeguarding your enterprise against fraud is vital to maintain customer trust and ensure the longevity of your business. Implementing a comprehensive fraud prevention […]
Rotating IP addresses: A big problem for ecommerce websites
Every Internet connected device like computers, laptops, mobile phones and so on, is assigned an IP address which uniquely identifies that device for the purpose of data communication. When someone browses a website on their computer or phone, that involves data communication between their device and the web server. Rotating […]
Securing Transactions: Preventing Fraudulent Purchases with Multiple Email Addresses
Implementing stringent security measures is essential for preventing fraudulent purchases and safeguarding the integrity of online transactions. People regularly shop online these days on e-commerce sites because of convenience. There is a huge variety of items, more than what you can find in a physical store. The large number of […]
New Report: Anonymous Proxy Report
A new report, called the Anonymous Proxy report, has been added to the merchant area. This report allows merchants to gain insights into the anonymous proxies detected in order transactions to help them in fraud prevention. The report provides the following information: The advantages of the Anonymous Proxy Report are: […]
Enhancing fraud detection through distance measurement technique
Fraudulent activities can have a significant impact on businesses and individuals, leading to financial losses, reputational damage, and a loss of trust. To effectively combat fraud, it is crucial to incorporate distance measures into your fraud prevention strategy. By leveraging the concept of distance, you can enhance your ability to […]
How to block Prepaid Card in FraudLabs Pro
A prepaid card, also known as a prepaid payment card, is a financial tool that allows cardholders to load a specific amount of money onto the card before using it for purchases or transactions. The card operates similarly to a debit or credit card, enabling users to spend up to […]
How does an IP address contribute to fraud detection?
Fraud has become an increasingly prevalent concern in today’s digital landscape. As technology advances, so do the methods employed by fraudsters. To combat this, businesses and organizations have turned to various techniques, one of which is the use of IP addresses for fraud detection. What is an IP Address? Before […]
FraudLabs Pro supports 8-digit Credit Card IIN/BIN code
Starting in April 2022, credit card companies will begin issuing cards with a new 8-digit Issuer Identification Number (IIN) code or BIN code. This change is in response to the rapidly growing number of credit card users and the need for more unique identification codes. The new 8-digit IIN/BIN code […]
Beware of Disposable Phone Numbers
So, what are disposable phone numbers? These are virtual phone numbers that are not permanently assigned to a specific individual or device. Anyone can purchase a temporary number from a service provider online. It is not tied to a physical SIM card or phone line contract. Users of these phone […]