5 Million US Credit Cards Leaked Online

5 million US Credit Cards Leaked Online
 
https://www.malwarebytes.com/blog/news/2024/12/5-million-payment-card-details-stolen-in-painful-reminder-to-monitor-christmas-spending?utm_source=iterable&utm_medium=email&utm_campaign=b2c_pro_oth_20241223_decemberweeklynewsletter_paid_v4_1_173452521105&utm_content=Card_details_stolen
 
I read headlines like this and I see it from a different perspective. Most read these headlines and think, as a consumer, how their cards might be exposed in a data breach. That is not a problem for consumers as most fraudulent charges on a credit card is covered by the bank or issuer.  Any fraudulent charges taken by a merchant may be liable in most situation.  This is why as a merchant it is so important not to let your guard down. The fraudster is looking for cash and always searching for the weak link in the system.
 
Here are few things to be aware of:
 
If you are a retail business and need to manually enter a card there are certain rules you must follow.
 
If your account is a card not present account, always input the billing address, zip card, and the CVV at the time of sale. Look for the response to see if all the info matches. This helps to prevent fraud and helps should there be a dispute due to fraud.
 
Be suspicious of large orders that are shipped to an out-of-town address. Many times, it could be fraud and a stolen credit card involved. Just because there is an approval is no guarantee it is legit.
 
For a retail business that accepts cards in person, if a CHIP Card will not read, ask the customer for another form of payment.
 
There is more info. Now is a good time to revisit this post about protecting your business against disputes.  Click the link:

https://www.atlantapaymentsolutions.com/blog/chargebacks-disputes-rising
 
We are here to help you should you have questions about disputes/chargebacks and anything related to Point Of Sale systems or credit card processing solutions. Give us a call at 404-999-7874!