In the past we’ve written about the security of different payment methods more from the perspective of a customer concerned about keeping their personal information safe. Businesses, on the other hand, need to be concerned not only with keeping their customers’ information safe, but also with preventing fraudulent transactions.
While identity theft is certainly no walk in the park, consumers are lucky that they are at least not responsible for any fraudulent charges. It’s the businesses who end up footing those bills. So identifying and preventing those bad transactions has a direct impact on a company’s bottom line.
To help businesses identify some of the problem areas and some things they can do to protect themselves, we’ve compiled the following factsheet that takes a closer look at the break down of credit card transactions and payment methods; comparing card-present and card-not-present transactions.