I receive many different questions from my customers. One item I am seeing on the raise is the use of stolen credit cards.
Retail Merchant: when your customer presents a credit card, ask for an ID to verify it is their credit card. This will ensure it is not a stolen credit card. If the person owning the card has not yet reported it stolen, the (stolen) card could be used for several hours or even days. Also it is a good idea to have the terminal to prompt for the last four digits of the card after you have swiped the card thru the terminal. This is an additional fraud protection for your business.
0 Comments
|
TBMS BlogTampa Bay Merchant Services Blog. Archives
February 2024
Categories |