small business credit card fraud

SMEs Warned about Small Business Credit Card Fraud

Small firms must be vigilant when taking credit card payments online, the Forum of Private Business (FPB) has warned. Following a doubling of calls to its helpline about credit card fraud over the last month, the FPB said businesses that take payments online must learn how fraudulent transactions take place and take precautions to prevent them. Fraudsters use credit card information obtained illegally to order products or services under false names. “Minimising credit card fraud takes time, but it is important to get an e-commerce payment processing service that is secure, using supplementary security modules provided by the major credit card companies.” said the FPB’s adviser on merchant services, Richard Bradley of Accept Cards Ltd. “These two features require an additi... »