Credit Card Fraud Prevention’s Post

The Rise of Digital Gift Cards in the Fight Against Retail Scammers The prevalence of gift card fraud poses a significant threat to retailers and consumers alike. Recent data from the Federal Trade Commission (FTC) paints a stark picture, revealing that gift card scam losses totaled over $228 million last year — a staggering increase of more than $100 million from 2020. As cybercriminals continue to exploit vulnerabilities in traditional payment methods, such as plastic gift cards, it becomes imperative for retailers to adapt, and many are turning to digital gift cards as a means of enhancing both convenience and security for their customers while ensuring their trusted brand reputations remain intact. But what sets digital gift cards apart from their traditional counterparts, and how do they help mitigate the risks associated with gift card fraud? #retail #grocery #loyalty #giftcard #digital #customerexperience #risk #fraud

The Rise of Digital Gift Cards in the Fight Against Retail Scammers The prevalence of gift card fraud poses a significant threat to retailers and consumers alike. Recent data from the Federal Trade Commission (FTC) paints a stark picture, revealing that gift card scam losses totaled over $228 million last year — a staggering increase of more than $100 million from 2020. As cybercriminals continue to exploit vulnerabilities in traditional payment methods, such as plastic gift cards, it becomes imperative for retailers to adapt, and many are turning to digital gift cards as a means of enhancing both convenience and security for their customers while ensuring their trusted brand reputations remain intact. But what sets digital gift cards apart from their traditional counterparts, and how do they help mitigate the risks associated with gift card fraud? #retail #grocery #loyalty #giftcard #digital #customerexperience #risk #fraud

Beware of Digital Dangers: Gift Card Fraud & Download Deceit. A concerning trend in eCommerce has surfaced, where crafty fraudsters use bots to create fake accounts and make fraudulent purchases, especially targeting digital goods. Gift cards and digital downloads are hotspots for these scams. Why? Because digital items are typically easy to transfer and challenging to trace. This leaves many buyers and legit sellers at risk. Protect yourself and spread the word – knowledge is power! 👊 https://lnkd.in/g7K8zMMU #OnlineSafety #DigitalFraud #GiftCardScam

Today’s #DailyPost is my weekly blog on #AdFraud. In the world of eCommerce, there's a hidden threat we need to talk about: Credit Card Fraud. Those who have faced unexpected chargebacks after seemingly successful transactions are all too familiar with credit card fraud. Dive into my latest blog to learn about the world of card testing fraud, how it impacts us, and most importantly, what we can do about it. https://hubs.la/Q02dw8Lh0 #Ecommerce #FraudPrevention #OnlineSecurity

👩💻 With online fraud on the rise, how are you ensuring your customers feel secure? 🔐 A recent Retail Dive article highlights that 84% of consumers are now concerned about identity theft when shopping online. As fears around online fraud grow, brick-and-mortar stores have a unique opportunity to provide a secure and reliable alternative. Key Takeaways 🔑 • Consumers are increasingly wary of online shopping, with 80% concerned about credit card theft. • Physical stores offer a secure shopping experience where consumers can feel confident about their purchases. SmartCircle™ empowers retailers to enhance in-store experiences by controlling all screens on an easy to use SAAS platform. Empowering digital displays to provide product information from real-time updates, and support seamless self-service options, ensuring customers are informed and engaged without the risks associated with online shopping. How are you leveraging your in-store experience to build consumer trust? 🤔 . . . #RetailInnovation #ConsumerTrust #InStoreExperience #retailmanagement

😣WHY IS MY ORDER NOT GOING THROUGH using Credit cards? 😣 Almost 95% of the problem is a zip code error! Did you move recently, did you update your banking info? Did auto fill put a space where it doesn't belong? Did you misspell something at checkout? Zip code validation is a security measure used by retailers to protect against fraud. If it fails, it may be due to mistyping, wrong code, or autofill at checkout. Pending charges will appear, but funds won't be received on our end. The credit card bank is saying that an attempt to purchase was made to protect you from fraud. We do have alternative payment options if this should occur. Wanna know more about Zip code errors?  Read more at:

Being the victim of credit card fraud could put a damper on your holiday season. Take time to check that the shopping websites you shop on are from actual brands and not fakes. Learn how to tell the difference: https://ow.ly/WTxa50QjkhY

Being the victim of credit card fraud could put a damper on your holiday season. Take time to check that the shopping websites you shop on are from actual brands and not fakes. Learn how to tell the difference: https://ow.ly/Om0Q50Qhsbu

Buyers returning purchases after using them, claiming they never received their order or returning empty boxes are examples of the kind of “friendly fraud” that has ticked up with the rise of online shopping. #CFO #Fraud #MerchantAccounts #ECommerce

Did you know? 💳 92% of online store fraud stems from credit card misuse. Criminals snatch up stolen card numbers in bulk to launch attacks on unprepared eCommerce sites. These "velocity attacks" fuel global losses of around $20 billion. Protect your business with robust fraud detection tools! https://lnkd.in/gidr8jcX #FraudPrevention #EcommerceSecurity #chrisbryant🛡️