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How to Identify Credit
Card Fraud?
THERE ARE SOME COMMON TECHNIQUES TO PINPOINT RED FLAGS OF
CREDIT CARD FRAUDS TO CUT DOWN ALL FRAUDS AND CHARGEBACKS
IP Address
 Is an anonymous web proxy service
 Allows the user to hide their actual IP address but still perform an
order submission
 Fraudster will usually order large quantities of items to maximize their
returns
Amount and Quantity
Addresses
 The shipping address, billing address and IP address locations are all
totally different
 A proxy server, mail forwarder and stolen credit card is used to
avoid tracking
 Email address is easy to setup, anonymous and temporary
 The order can be submitted using a disposable email address
Email Domain
Username and Password
 user name and password is too simple and generic
 Fraudsters usually apply easy-to-remember account information
 Credit card information from underground trading forums can be
purchased
Credit Card
BIN and Issuing Bank
 Fraudsters usually only have partial credit card information except
the issuing bank information.
 Other techniques that are not readily apparent when looking at the
order forms such as:
 Transaction velocity
 Device fingerprints
Our service – Fraudlabs Pro
 It is free for small businesses
 Screens credit card transactions for online frauds
 Accepts online transactions data via its open API
 After screening engine analyzes transactions parameters and
returns its fraud analysis, merchants can then decide on the next
course of action based
 fraud distribution score
 custom rules by conditions
Fraudlabs Pro Features
 Fraud analysis and scoring
 IP address geolocation & proxy validation
 Email address validation
 Credit card issuing bank validation
 Transaction velocity validation
 Device transaction validation
 Blacklist validation
 High risk username & password validation
 Export controlled country validation
 Malware exploit validation
 Custom rules trigger
 FraudLabs Pro Merchant Network
 FraudLabs Pro Merchant Administrative Interface
 Email notification of fraud orders
 Mobile app notification of fraud orders

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How to identify credit card fraud

  • 1. How to Identify Credit Card Fraud? THERE ARE SOME COMMON TECHNIQUES TO PINPOINT RED FLAGS OF CREDIT CARD FRAUDS TO CUT DOWN ALL FRAUDS AND CHARGEBACKS
  • 2. IP Address  Is an anonymous web proxy service  Allows the user to hide their actual IP address but still perform an order submission  Fraudster will usually order large quantities of items to maximize their returns Amount and Quantity
  • 3. Addresses  The shipping address, billing address and IP address locations are all totally different  A proxy server, mail forwarder and stolen credit card is used to avoid tracking  Email address is easy to setup, anonymous and temporary  The order can be submitted using a disposable email address Email Domain
  • 4. Username and Password  user name and password is too simple and generic  Fraudsters usually apply easy-to-remember account information  Credit card information from underground trading forums can be purchased Credit Card
  • 5. BIN and Issuing Bank  Fraudsters usually only have partial credit card information except the issuing bank information.  Other techniques that are not readily apparent when looking at the order forms such as:  Transaction velocity  Device fingerprints
  • 6. Our service – Fraudlabs Pro  It is free for small businesses  Screens credit card transactions for online frauds  Accepts online transactions data via its open API  After screening engine analyzes transactions parameters and returns its fraud analysis, merchants can then decide on the next course of action based  fraud distribution score  custom rules by conditions
  • 7. Fraudlabs Pro Features  Fraud analysis and scoring  IP address geolocation & proxy validation  Email address validation  Credit card issuing bank validation  Transaction velocity validation  Device transaction validation  Blacklist validation  High risk username & password validation  Export controlled country validation  Malware exploit validation  Custom rules trigger  FraudLabs Pro Merchant Network  FraudLabs Pro Merchant Administrative Interface  Email notification of fraud orders  Mobile app notification of fraud orders