{"id":79648,"date":"2025-03-19T15:39:21","date_gmt":"2025-03-19T19:39:21","guid":{"rendered":"https:\/\/chargebacks911.com\/?p=79648"},"modified":"2026-03-24T15:01:12","modified_gmt":"2026-03-24T19:01:12","slug":"payment-security","status":"publish","type":"post","link":"https:\/\/chargebacks911.com\/banking\/payment-processing\/payment-security\/","title":{"rendered":"Payment Security"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Payments Security: Tools, Tips, &amp; Best Practices for Merchants<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">As a merchant, you\u2019re in the business of selling. <em>Right<\/em>?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The trick is getting consumers to buy from <em>you<\/em>, and not a competitor. To do that, you have to offer something: better prices, wider selection, free shipping, or anything that makes your store more attractive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some of these offerings may be market-driven, but some are non-negotiable. At the top of that list is payment security.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Payment security consists of all the rules, tools, and protocols you use to protect the integrity of your business transactions. This includes securing transmissions, preventing fraud, and defending customers\u2019 personal data against cybercriminals. The overall goal is to lock out the bad guys while still allowing customers to make legit purchases. Oh, and you want to accomplish this with as little friction as possible, so buyers <a href=\"https:\/\/chargebacks911.com\/shopping-cart-abandonment\/\">won\u2019t get frustrated and abandon ship<\/a>.<\/p>\n\n\n\n<div class=\"c-share-svg c-share-svg--hover\">\r\n\t\t\t\t\t\t<div class=\"c-share-svg__inner\">\r\n\t\t\t\t\t\t\t<object type=\"image\/svg+xml\" data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/09\/LEXIS-NEXUS-CHART-fraud-management-cybersecurity-and-digital.svg\" width=\"100%\" height=\"100%\" class=\"c-share-svg__object\"><\/object>\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t<div class=\"c-share-svg__hover\">\r\n\t\t\t\t\t\t\t<button class=\"c-share-svg__button js-share-svg-button\" data-source=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/09\/LEXIS-NEXUS-CHART-fraud-management-cybersecurity-and-digital.svg\" data-url=\"https:\/\/chargebacks911.com\/banking\/payment-processing\/payment-security\/\">Embed This Graphic<\/button>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\n\n\n\n<p class=\"has-text-align-right p-align-right wp-block-paragraph\"><em>Source: LexisNexis Risk Solutions<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Admittedly, it\u2019s a tall order: fraudsters seem to be developing new tricks and technology on a daily basis. Effective payment security is never going to be an off-the-shelf, \u201cset it and forget it\u201d endeavor. It takes a long-term, multifaceted approach that combines advanced tools, best practices, and ongoing vigilance. So let\u2019s take a look at some of the things your plan should contain.<\/p>\n\n\n\n<div class=\"c-category-alert c-category-alert--grey\">\n    <span class=\"c-category-alert--grey__icon\">\n        <object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2022\/06\/reminder-hands-04.svg\" width=\"20\" height=\"20\" aria-label=\"Finger bullet\"><\/object>\n    <\/span>\n    <span class=\"c-category-alert--grey__heading\">Did You Know?<\/span>\n    <p class=\"c-category-alert--grey__description\">While we\u2019ll primarily be talking about elements businesses should incorporate into their security plans, these are generally the same things a consumer should look for when paying a merchant.<\/p>\n<\/div>\n\n\n<div class=\"c-suggested-reading\"><div class=\"c-suggested-reading__inner\"><div class=\"c-suggested-reading__header\"><h3 class=\"c-suggested-reading__headline\">Recommended reading<\/h3><\/div><ul class=\"c-suggested-reading__items\"><li class=\"c-suggested-reading__item\"><a href=\"https:\/\/chargebacks911.com\/credit-and-debit-card-processing\/\" class=\"c-suggested-reading__link\">Credit and Debit Card Processing: Explained &amp; Compared<\/a><\/li><li class=\"c-suggested-reading__item\"><a href=\"https:\/\/chargebacks911.com\/what-is-a-payment-processor\/\" class=\"c-suggested-reading__link\">What is a Payment Processor? How do Processors Work?<\/a><\/li><li class=\"c-suggested-reading__item\"><a href=\"https:\/\/chargebacks911.com\/best-credit-card-processing-companies\/\" class=\"c-suggested-reading__link\">Best Credit Card Processing Companies of REVEALED<\/a><\/li><li class=\"c-suggested-reading__item\"><a href=\"https:\/\/chargebacks911.com\/payment-trends\/\" class=\"c-suggested-reading__link\">Payment Trends: Where Payment Processing is Going in <\/a><\/li><li class=\"c-suggested-reading__item\"><a href=\"https:\/\/chargebacks911.com\/merchant-of-record\/\" class=\"c-suggested-reading__link\">How a Merchant of Record Works: How to Choose a Provider<\/a><\/li><li class=\"c-suggested-reading__item\"><a href=\"https:\/\/chargebacks911.com\/credit-card-processing-fees\/\" class=\"c-suggested-reading__link\">Credit Card Processing Fees: How to Lower Your Rate in <\/a><\/li><\/ul><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Elements of Payment Security: Cybersecurity<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To start with, there are security factors that should be built into your payments system already. If you\u2019re missing any, now would be a good time to learn more about them.<\/p>\n\n\n\n<div class=\"c-icon-list\">\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/12\/PCI-DuoTone-Lineal-Icons_DuoTone-Iconz-copy-24.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">PCI DSS Compliance\u00a0<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">The Payment Card Industry Data Security Standard \u2014 or \u201cPCI DSS\u201d \u2014 is a list of guidelines&nbsp; designed to help organizations safely handle credit card information. It was created by the major <a href=\"https:\/\/chargebacks911.com\/card-networks\/\">card networks <\/a>with the goal of maintaining secure standards for consumers\u2019 personal account data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cGuidelines designed to help\u201d makes it sound like PCI DSS is just a suggestion, but that\u2019s not actually the case. PCI-DSS Compliance is mandatory for any organization that accepts credit card payments. In fact, if a data breach occurs, penalties can go as high as $500,000 per incident, on top of $15-25 penalties for each account number involved.<\/p>\n\n\n<a href=\"https:\/\/chargebacks911.com\/pci-dss-compliance\/\" class=\"c-btn c-btn-lg c-btn-default\">Learn more about PCI compliance<\/a>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2020\/11\/NEW-ICONS-DuoTone-Lineal-Icons_device-fingerprinting-122.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">Network Security &amp; Firewalls<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">You can\u2019t protect anyone \u2014 including yourself \u2014 if your payments network isn\u2019t secure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Firewalls are like digital barriers between your business and cyberattacks that could compromise your internal network payment systems. They can be useful for traffic filtering, virus detection, alerting you to unauthorized access, and many other areas of fraud prevention. It\u2019s one of the most straight-forward tool you can have to protect your network.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other security could include segmenting your networking, restricting employee access when possible, and making sure your site works on a secure sockets layer.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"c-custom-cta c-custom-cta--red\">\n    <div class=\"c-custom-cta__inner\">\n        \n        <div class=\"c-custom-cta__content\">\n            <h4 class=\"c-custom-cta__title\">Firewalls are just one way of protecting your business from the impacts of fraud. We know a few more.<\/h4>\n            <a class=\"c-btn c-btn--primary c-custom-cta__btn\" data-open-demo-modal>Request a Demo<\/a>\n        <\/div>\n\n        <div class=\"c-custom-cta__graphics\">\n            <div class=\"c-custom-cta__graphics-inner\">\n                <div class=\"c-custom-cta__image\">\n                                    <img decoding=\"async\" src=\"https:\/\/chargebacks911.com\/wp-content\/themes\/CB911\/assets\/img\/shortcodes\/cta\/cta--revenue-recovered.png\" alt=\"The Original End-to-End Chargeback Management Platform\"\/>\n                            <\/div>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n\n\n<div class=\"c-icon-list\">\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/12\/Tokenization-DuoTone-Lineal-Icons_DuoTone-Iconz-copy-35.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">Tokenization<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\"><a class=\"wpil_keyword_link\" href=\"https:\/\/chargebacks911.com\/tokenization\/\"   title=\"Tokenization\" data-wpil-keyword-link=\"linked\"  data-wpil-monitor-id=\"2738\">Tokenization<\/a> works by hiding important transaction details when they\u2019re being transmitted to other parties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Essentially, you\u2019re temporarily replacing sensitive info like account numbers with unique generated codes, or <em>tokens<\/em>. During the transaction, the token is the only thing that gets transmitted.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The token acts as a reference to the real data, but is ultimately meaningless on its own. The codes are completely random, so they can\u2019t be reverse-engineered. And even if a crook <em>could<\/em> decode it, the token is only good for that one transaction.<\/p>\n\n\n<a href=\"https:\/\/chargebacks911.com\/tokenization\/\" class=\"c-btn c-btn-lg c-btn-default\">Learn more about tokenization<\/a>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/10\/NEW-ICONS-DuoTone-Lineal-Icons_DuoTone-Iconz_DuoTone-Iconz-08.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">Encryption<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">Like tokenization, encryption involves converting sensitive payment card data into an encoded cryptogram for transmission. There\u2019s a difference, though: while the code is unique to that specific transaction, it can only be deciphered using the corresponding decryption key. And the only ones who have the key are the payment processor and you (at least in theory).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s like locking the data in a safe before you send it. Since no one else knows the combination, the data is locked and inaccessible, even if the transmission was hijacked en route.<\/p>\n\n\n<a href=\"https:\/\/chargebacks911.com\/glossary\/encryption\/\" class=\"c-btn c-btn-lg c-btn-default\">Learn more about encryption<\/a>\n<\/div><\/div><\/div>\n<\/div>\n\n\n\n<div class=\"c-shortcode-ebook c-shortcode-ebook--whitepaper\"><a href=\"https:\/\/chargebacks911.com\/chargeback-field-report\/\" class=\"c-shortcode-ebook__block\"><div class=\"c-shortcode-ebook__inner\"><div class=\"c-shortcode-ebook__graphics\"><div class=\"c-shortcode-ebook__graphics-inner\"><div class=\"c-shortcode-ebook__ipad\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/chargebacks911.com\/wp-content\/themes\/CB911\/assets\/img\/shortcodes\/ebooks\/ipad--field-report.png\" alt=\"2022\" chargeback=\"\" field=\"\" report=\"\"\/>\n\t\t\t<\/div>\n\t\t\t<div class=\"c-shortcode-ebook__cover\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/chargebacks911.com\/wp-content\/themes\/CB911\/assets\/img\/shortcodes\/ebooks\/cover--field-report.png\" alt=\"2022\" chargeback=\"\" field=\"\" report=\"\"\/>\n\t\t\t<\/div><\/div><\/div><div class=\"c-shortcode-ebook__content\"><span class=\"c-shortcode-ebook__title\"><span>A Real-World Look at<\/span> Chargeback Management<\/span><p class=\"c-shortcode-ebook__description\">Based on a survey of over 400 merchants, the report presents a comprehensive, cross-vertical look at the current state of chargebacks and chargeback management.<\/p><span class=\"c-btn c-btn--primary c-shortcode-ebook__btn\">Access the FREE Report<\/span><\/div><\/div><div class=\"c-shortcode-ebook__close\" data-shortcode-ebook-close=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 20 20\" fill=\"currentColor\"><path fill-rule=\"evenodd\" d=\"M4.293 4.293a1 1 0 011.414 0L10 8.586l4.293-4.293a1 1 0 111.414 1.414L11.414 10l4.293 4.293a1 1 0 01-1.414 1.414L10 11.414l-4.293 4.293a1 1 0 01-1.414-1.414L8.586 10 4.293 5.707a1 1 0 010-1.414z\" clip-rule=\"evenodd\"><\/path><\/svg><\/div><\/a><div class=\"c-shortcode-ebook__overlay\"><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Elements of Payment Security: Customer Authentication<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">You want to set up things on your end to keep fraudsters out of your data. That said, a big part of digital payments security is authenticating your <em>buyers<\/em>, too.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But, how can you double-check customer IDs when you never actually meet face to face?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Customer verification demands the use of a variety of tools to confirm that the person on the other end of the order is actually who they say they are. There are several authentication methods you can deploy; you\u2019re probably already aware of at least a few of these:<\/p>\n\n\n\n<div class=\"c-icon-list\">\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/10\/NEW-ICONS-DuoTone-Lineal-Icons_DuoTone-Iconz_DuoTone-Iconz-copy-4.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">Passwords<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">Passwords are the most recognized form of user authentication. That doesn\u2019t mean it\u2019s the best method, though.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Requiring users to enter a specific username and password code can be effective, but only if the code is long, random, and complex. Unfortunately, most consumers go with simple, easily-guessed passwords, which is hardly better than having no password at all.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2022\/10\/NEW-ICONS-DuoTone-Text.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">One-Time Passwords<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">A one-time password (OTP) does the same basic job as a static password. They just work exponentially better.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">OTPs are algorithmically generated codes. In many cases, they can be used in tandem with a traditional name and static password. When the user attempts to log in, your site automatically sends them an additional code to further verify their identity. As you might suspect, the codes are valid for only one login.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/12\/Biometrics-DuoTone-Lineal-Icons_DuoTone-Iconz-copy-36.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">Biometric Authentication<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">Biometrics is the use of unique physical attributes (fingerprints, face recognition, voice recognition, etc.) to validate the user\u2019s ID identity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Biometrics are much stronger than traditional passwords. But, while it\u2019s nearly impossible to replicate that sort of thing, biometrics are still commonly used in conjunction with an additional form of authentication, such as a password, just to add additional security.<\/p>\n\n\n<a href=\"https:\/\/chargebacks911.com\/biometric-payments\/\" class=\"c-btn c-btn-lg c-btn-default\">Learn more about biometric authentication<\/a>\n\n\n\n<div class=\"c-category-alert c-category-alert--grey\">\n    <span class=\"c-category-alert--grey__icon\">\n        <object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2022\/06\/reminder-hands-04.svg\" width=\"20\" height=\"20\" aria-label=\"Finger bullet\"><\/object>\n    <\/span>\n    <span class=\"c-category-alert--grey__heading\">Did You Know?<\/span>\n    <p class=\"c-category-alert--grey__description\">Along with confirming the identity of customers, authentication can also mean verifying the ID of internal employees accessing payment systems.<\/p>\n<\/div>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/07\/NEW-ICONS-DuoTone-card-emv-hand-giving.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">CVV<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">With online payment security, you can't see the card or the cardholder. Card verification values (CVV) are a way to check that the buyer actually has possession of the physical payment card they\u2019re trying to use.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This 3- or 4-digit code cannot be saved in your database; it\u2019s only available on the card itself. If the user can\u2019t enter the correct code, the order is typically cancelled.<\/p>\n\n\n<a href=\"https:\/\/chargebacks911.com\/cvv2\/\" class=\"c-btn c-btn-lg c-btn-default\">Learn more about CVV verification<\/a>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2023\/04\/NEW-ICONS-DuoTone-customer-location.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">Address Verification Service<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\"><a class=\"wpil_keyword_link\" href=\"https:\/\/chargebacks911.com\/fraud-prevention\/address-verification-service\/\"   title=\"Address Verification Service\" data-wpil-keyword-link=\"linked\"  data-wpil-monitor-id=\"3832\">Address Verification Service<\/a> (AVS) is another commonly used fraud prevention tool.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To verify a buyer, it automatically compares the billing address the buyer enters against whatever address the issuer has on file. Matching addresses are OK\u2019d, while mismatches are flagged as potential fraud.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of course, consumers do have orders shipped to addresses other than their own in a lot of cases. So, while AVS can be effective, it's not perfect.<\/p>\n\n\n<a href=\"https:\/\/chargebacks911.com\/fraud-prevention\/address-verification-service\/\" class=\"c-btn c-btn-lg c-btn-default\">Learn more about address verification<\/a>\n<\/div><\/div><\/div>\n\n\n\n<div class=\"c-icon-list__item\"><div class=\"c-icon-list__icon\"><object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2021\/12\/3d-Secure-DuoTone-Lineal-Icons_DuoTone-Iconz_DuoTone-Iconz_DuoTone-Iconz_DuoTone-Iconz-copy-7.svg\" type=\"image\/svg+xml\"><\/object><\/div><div class=\"c-icon-list__content\"><h3 class=\"c-icon-list__title\">3-D Secure<\/h3><div class=\"c-icon-list__text\">\n<p class=\"wp-block-paragraph\">The 3-domain secure (3DS) structure is yet another standardized way of authenticating card transactions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Customers can create and assign a password to their card that must be verified whenever a transaction is processed on a 3DS-enabled site. Shoppers are prompted to enter their pre-registered code at checkout. If they cannot enter their password correctly, they may be required to complete an extra step of verification.<\/p>\n\n\n<a href=\"https:\/\/chargebacks911.com\/fraud-prevention\/3-d-secure\/\" class=\"c-btn c-btn-lg c-btn-default\">Learn more about 3DS<\/a>\n\n\n\n<div class=\"c-category-alert c-category-alert--red\">\n<span class=\"c-category-alert--red__icon\">\n<object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2020\/03\/reminder-hands-01.svg\" width=\"20\" height=\"20\" aria-label=\"finger bullet\"><\/object>\n<\/span>\n<span class=\"c-category-alert--red__heading\">Important!<\/span>\n<p class=\"c-category-alert--red__description\">Major card brands all have their own proprietary name for their 3DS tool. Visa, for example, uses Visa Secure, while Mastercard offers Identity Check (formerly Mastercard SecureCode).<\/p>\n<\/div>\n<\/div><\/div><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Elements of Payment Security: Fraud Detection &amp; Monitoring<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Having the perfect payment protection program in place today doesn\u2019t mean you\u2019re safe tomorrow. Staying one step ahead of cybercriminals is an ongoing endeavor which requires constant monitoring, analyzing, and adaptation to new threats.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Fraud Scoring<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Fraud detection is critically important as a way of proactively mitigating the risk of financial losses. Advanced systems use artificial intelligence and machine learning, refining the ability to identify emerging fraud patterns and flag anomalies such as:<\/p>\n\n\n\n<ul class=\"wp-block-cb911-block-library-checklists c-checklist c-checklist--style-4 c-checklist--color-red\"><li class=\"c-checklist__item\">Orders that vary from historical norms for that customer<\/li><li class=\"c-checklist__item\">Unusually high ticket prices<\/li><li class=\"c-checklist__item\">Multiple similar orders for the same customer<\/li><li class=\"c-checklist__item\">Multiple identical orders for different customers<\/li><li class=\"c-checklist__item\">Payments to blacklisted countries, or fraud-prevelant areas<\/li><\/ul>\n\n\n<a href=\"https:\/\/chargebacks911.com\/fraud-scoring\/ \" class=\"c-btn c-btn-lg c-btn-default\">Learn more about fraud scoring<\/a>\n\n\n\n<div class=\"c-shortcode-ebook c-shortcode-ebook--book\"><a href=\"https:\/\/ad.chargebacks911.com\/chargebacks-for-dummies\" class=\"c-shortcode-ebook__block\" target=\"_blank\"><div class=\"c-shortcode-ebook__inner\"><div class=\"c-shortcode-ebook__graphics\"><div class=\"c-shortcode-ebook__graphics-inner\"><div class=\"c-shortcode-ebook__book\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/chargebacks911.com\/wp-content\/themes\/CB911\/assets\/img\/shortcodes\/ebooks\/book--dummies.png\" alt=\"Chargebacks\" for=\"\" dummies=\"\"\/>\n\t\t\t<\/div><\/div><\/div><div class=\"c-shortcode-ebook__content\"><span class=\"c-shortcode-ebook__title\"><span>Everything You Need To Know<\/span> A Beginner\u2019s Guide to Chargebacks<\/span><p class=\"c-shortcode-ebook__description\">Chargebacks can wreak havoc on your cash flow and profitability. This FREE paperback book is your guide for preventing chargebacks and, when they happen, fighting them more effectively.<\/p><span class=\"c-btn c-btn--primary c-shortcode-ebook__btn\">Send Me My Free Paperback Book!<\/span><\/div><\/div><div class=\"c-shortcode-ebook__close\" data-shortcode-ebook-close=\"true\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 20 20\" fill=\"currentColor\"><path fill-rule=\"evenodd\" d=\"M4.293 4.293a1 1 0 011.414 0L10 8.586l4.293-4.293a1 1 0 111.414 1.414L11.414 10l4.293 4.293a1 1 0 01-1.414 1.414L10 11.414l-4.293 4.293a1 1 0 01-1.414-1.414L8.586 10 4.293 5.707a1 1 0 010-1.414z\" clip-rule=\"evenodd\"><\/path><\/svg><\/div><\/a><div class=\"c-shortcode-ebook__overlay\"><\/div><\/div>\n\n\n\n<div class=\"c-category-alert c-category-alert--red\">\n<span class=\"c-category-alert--red__icon\">\n<object data=\"https:\/\/chargebacks911.com\/wp-content\/uploads\/2020\/03\/reminder-hands-01.svg\" width=\"20\" height=\"20\" aria-label=\"finger bullet\"><\/object>\n<\/span>\n<span class=\"c-category-alert--red__heading\">Important!<\/span>\n<p class=\"c-category-alert--red__description\">Any of the above protocols offer some level of payment security online. Taking a multi-factor authentication (MFA) approach, however, adds an extra layer of security by necessitating two or more elements of verification from the customer, such as both a password and a fingerprint.<\/p>\n\n<p class=\"c-category-alert--red__description\"><a href=\"https:\/\/chargebacks911.com\/glossary\/multi-factor-authentication\/\">Learn more about multifactor authentication<\/a><\/p>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Data Analysis &amp; Manual Auditing<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Maintaining the most effective payment security means you need a way of keeping an eye on your payments system. Transactions need to be monitored in real time, so that any unusual behavior can be addressed quickly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consistent monitoring, though, also means a consistent flow of incoming information. Part of your payment security plan is analyzing this information and trying to spot anomalies, deviations, or patterns. Yes, you can (and should) have software that does the heavy lifting. But, it\u2019s always a good idea for reports to be seen with human eyes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">A Final Thought<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">With the right tools, you can build a pretty solid security wall around your data and processes. That helps protect both your customer and your business from most types of fraud.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unfortunately, prevention efforts aren\u2019t going to work well with chargeback (friendly) fraud. Why? Because it happens days or even weeks after the transaction in question.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One thing to consider adding to your payment security plan is a comprehensive<a href=\"https:\/\/chargebacks911.com\/chargeback-management\/#:~:text=Chargeback%20management%20refers%20to%20the,to%20fine%2Dtune%20your%20efforts.\"> <\/a>chargeback management strategy customized to your business. Contact us today to learn more.<\/p>\n\n\n\n<div class=\"c-shortcode-faq\" data-shortcode-faq=\"true\" class=\"wp-block-cb911-block-library-faq\"><div class=\"c-shortcode-faq__inner\"><h2 class=\"c-shortcode-faq__heading joli-heading\" id=\"faqs\">FAQs<\/h2><div class=\"c-shortcode-faq__items\">\n\n<div class=\"c-shortcode-faq__item\" data-shortcode-faq-item=\"true\" class=\"wp-block-cb911-block-library-faq-item\"><div class=\"c-shortcode-faq__item-inner\"><div class=\"c-shortcode-faq__icons\"><div class=\"c-shortcode-faq__icons-inner\"><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--minus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--plus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><\/div><\/div><h3 class=\"c-shortcode-faq__question\">What does payment security mean?<\/h3><p class=\"c-shortcode-faq__answer\">Payment security refers to the specific tools, practices, and security measures merchants put in place to safeguard cardholder data that is stored, transmitted, or being processed.<\/p><\/div><\/div>\n\n\n<div class=\"c-shortcode-faq__item\" data-shortcode-faq-item=\"true\" class=\"wp-block-cb911-block-library-faq-item\"><div class=\"c-shortcode-faq__item-inner\"><div class=\"c-shortcode-faq__icons\"><div class=\"c-shortcode-faq__icons-inner\"><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--minus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--plus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><\/div><\/div><h3 class=\"c-shortcode-faq__question\">What is the best payment security?<\/h3><p class=\"c-shortcode-faq__answer\">The best payment security comes from an integrated security system built around best practices like tokenization, data encryption, PCI DSS compliance, and consistent monitoring, among other factors.<\/p><\/div><\/div>\n\n\n<div class=\"c-shortcode-faq__item\" data-shortcode-faq-item=\"true\" class=\"wp-block-cb911-block-library-faq-item\"><div class=\"c-shortcode-faq__item-inner\"><div class=\"c-shortcode-faq__icons\"><div class=\"c-shortcode-faq__icons-inner\"><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--minus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--plus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><\/div><\/div><h3 class=\"c-shortcode-faq__question\">Is payment security worth it?<\/h3><p class=\"c-shortcode-faq__answer\">Yes. A well-planned security strategy keeps confidential data \u2014 both yours and your customers\u2019 \u2014 secure, preventing unauthorized access that could potentially lead to fraud\/chargeback losses or even lawsuits.<\/p><\/div><\/div>\n\n\n<div class=\"c-shortcode-faq__item\" data-shortcode-faq-item=\"true\" class=\"wp-block-cb911-block-library-faq-item\"><div class=\"c-shortcode-faq__item-inner\"><div class=\"c-shortcode-faq__icons\"><div class=\"c-shortcode-faq__icons-inner\"><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--minus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><div class=\"c-shortcode-faq__icon c-shortcode-faq__icon--plus\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\" stroke-width=\"2\"><path stroke-linecap=\"round\" stroke-linejoin=\"round\" d=\"M20 12H4\"><\/path><\/svg><\/div><\/div><\/div><h3 class=\"c-shortcode-faq__question\">What is the safest way to accept payments?<\/h3><p class=\"c-shortcode-faq__answer\">Despite the negative press they receive, credit cards are still considered one of the safest ways to pay. While there is no single payment method that is the safest under all circumstances, card payment security protects your buyers, plus offers comprehensive \u2013 and established \u2013 post-transaction fraud protection. ACH and virtual credit cards are also among the safest payment types.<\/p><\/div><\/div>\n\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<h2 class=\"wp-block-heading\">Payments Security: Tools, Tips, &amp; Best Practices for Merchants<\/h2>\n<p>As a merchant, you\u2019re in the business of selling. Right?<\/p>\n<p>The trick is getting consumers to buy from you, and not a competitor. To do that,<\/p>\n<div><a class=\"btn-filled btn\" href=\"https:\/\/chargebacks911.com\/banking\/payment-processing\/payment-security\/\" title=\"Payment Security\">Read More<\/a><\/div>\n","protected":false},"author":9192205,"featured_media":80088,"comment_status":"open","ping_status":"closed","sticky":false,"template":"template-pillar-chapter.php","format":"standard","meta":{"_acf_changed":false,"_crdt_document":"","inline_featured_image":false,"footnotes":""},"categories":[122],"tags":[102,43,80,107],"class_list":["post-79648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payment-processing","tag-cybersecurity","tag-fraud","tag-payments","tag-third-party"],"acf":[],"_links":{"self":[{"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/posts\/79648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/users\/9192205"}],"replies":[{"embeddable":true,"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/comments?post=79648"}],"version-history":[{"count":10,"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/posts\/79648\/revisions"}],"predecessor-version":[{"id":96379,"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/posts\/79648\/revisions\/96379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/media\/80088"}],"wp:attachment":[{"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/media?parent=79648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/categories?post=79648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chargebacks911.com\/wp-json\/wp\/v2\/tags?post=79648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}