Comments on: Card Fraud http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/ Professional Geek Tue, 07 Feb 2012 23:32:27 +0000 hourly 1 http://wordpress.org/?v=3.0 By: AndyParkes http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/comment-page-1/#comment-725 AndyParkes Sat, 11 Jul 2009 20:38:58 +0000 http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/#comment-725 Hi Rich - aren't you supposed to be taking in New Orleans? Sorry to hear it's happened to you too What annoyed me most was a couple of weeks ago I paid for a certificate from GoDaddy I then needed one the day after but the card was blocked as it was "strange behaviour" - over a couple of hundred pounds Yet they let someone run it up to 17k in places we wouldn't purchase from Hi Rich – aren’t you supposed to be taking in New Orleans?

Sorry to hear it’s happened to you too

What annoyed me most was a couple of weeks ago I paid for a certificate from GoDaddy

I then needed one the day after but the card was blocked as it was “strange behaviour” – over a couple of hundred pounds

Yet they let someone run it up to 17k in places we wouldn’t purchase from

]]> By: Richard Tubb http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/comment-page-1/#comment-724 Richard Tubb Sat, 11 Jul 2009 20:23:13 +0000 http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/#comment-724 Hi Andy - sympathies, I've had it happen to me a few times now. In fact, we were woken at 6am this morning in NYC by a phone call from Barclaycard in the UK to say my card had been used all over Europe on Thur/Fri. Naturally, the money will be refunded, but the galling thing? The Barclaycard call took 10 minutes @T-Mobiles shocking 55p/min for an incoming call - so the fraud has cost me money indirectly. Bah! Hi Andy – sympathies, I’ve had it happen to me a few times now.

In fact, we were woken at 6am this morning in NYC by a phone call from Barclaycard in the UK to say my card had been used all over Europe on Thur/Fri. Naturally, the money will be refunded, but the galling thing? The Barclaycard call took 10 minutes @T-Mobiles shocking 55p/min for an incoming call – so the fraud has cost me money indirectly. Bah!

]]> By: AndyParkes http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/comment-page-1/#comment-716 AndyParkes Thu, 09 Jul 2009 11:03:03 +0000 http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/#comment-716 Cheers Chris I did have a quick look at the card watch site before i posted this but couldn't find anything about preventing fraud on telephone transactions I've just gone back now you mentioned it and they call it "card not present fraud" These are their suggested methods to prevent this type of fraud but it doesn't exactly fill me with confidence <i>Methods to reduce card-not-present fraud - a five pronged strategy is in place to counter this type of fraud: <b>AVS/CSC</b> (Address Verification System / Card Security Code) is available for businesses that accept card-not-present transactions. These systems allow retailers to verify your billing address and to cross-check a special security code that is on your card. These extra data checks verify the additional information supplied by cardholders to enable merchants to decide whether to proceed with the transaction. <b>Verified by Visa and MasterCard SecureCode</b> are secure payment systems that prevent criminals from using stolen card details for Internet transactions. These are password-protected services that enable financial institutions to confirm your identity for the merchant when you are using a card to pay online. Enabling merchants to confirm your identity in this way puts another barrier between criminals and your information. These systems also have the advantage of being global, so should reduce fraud abroad as well as domestic fraud. For further information see: Verified by Visa and MasterCard SecureCode <b>Retailers</b> are encouraged to make use of various card-not-present fraud prevention tools, such as intelligent fraud detection software, available from third-party providers. <b>Promotion of the Card Watch training pack</b>, Spot & Stop Card-not-present fraud, that provides comprehensive fraud prevention training for card-not-present businesses. An e-learning version of this pack is available on this site. <b>In the longer term chip and PIN</b> cards may help prevent CNP fraud through the development of pocket-sized card-accepting devices that can be used with phones and computers by generating a dynamic password for use solely in the CNP environment (referred to as token-based authentication).</i> Cheers Chris

I did have a quick look at the card watch site before i posted this but couldn’t find anything about preventing fraud on telephone transactions

I’ve just gone back now you mentioned it and they call it “card not present fraud”

These are their suggested methods to prevent this type of fraud but it doesn’t exactly fill me with confidence

Methods to reduce card-not-present fraud – a five pronged strategy is in place to counter this type of fraud:
AVS/CSC (Address Verification System / Card Security Code) is available for businesses that accept card-not-present transactions. These systems allow retailers to verify your billing address and to cross-check a special security code that is on your card. These extra data checks verify the additional information supplied by cardholders to enable merchants to decide whether to proceed with the transaction.

Verified by Visa and MasterCard SecureCode are secure payment systems that prevent criminals from using stolen card details for Internet transactions. These are password-protected services that enable financial institutions to confirm your identity for the merchant when you are using a card to pay online. Enabling merchants to confirm your identity in this way puts another barrier between criminals and your information. These systems also have the advantage of being global, so should reduce fraud abroad as well as domestic fraud. For further information see: Verified by Visa and MasterCard SecureCode

Retailers are encouraged to make use of various card-not-present fraud prevention tools, such as intelligent fraud detection software, available from third-party providers.

Promotion of the Card Watch training pack, Spot & Stop Card-not-present fraud, that provides comprehensive fraud prevention training for card-not-present businesses. An e-learning version of this pack is available on this site.

In the longer term chip and PIN cards may help prevent CNP fraud through the development of pocket-sized card-accepting devices that can be used with phones and computers by generating a dynamic password for use solely in the CNP environment (referred to as token-based authentication).

]]> By: Chris Yarrow http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/comment-page-1/#comment-715 Chris Yarrow Thu, 09 Jul 2009 10:44:15 +0000 http://andyparkes.co.uk/blog/index.php/2009/07/09/card-fraud/#comment-715 There's some pretty good consumer advice at http://www.cardwatch.org.uk/ and Companies House have some good business resources too. Bummer, but at least you were covered! There’s some pretty good consumer advice at http://www.cardwatch.org.uk/ and Companies House have some good business resources too.

Bummer, but at least you were covered!

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