When customers sign up to your website, require them to use strong, complex passwords that use both letters and numbers. Be sure to let them know that this is to increase the security of their data and purchases. Some customers may see this as a hassle, but if you explain the benefits well, they will see the positive side.
2. Limit the number of declined transactions
Fraudsters tend to use malicious software that inputs uk consumer data list credit card numbers until they are able to make a purchase. One way to prevent this is to limit the number of times users can enter incorrect credit card information. If this limit is exceeded, you can temporarily block the customer and put them on a high-risk list.
3. Hire a professional
Trying to do this yourself is time-consuming and labor-intensive. A qualified partner can help you with this side of the business so that you can focus your energy on sales, customer service, and finding new customers. Most fraudsters are tech-savvy and have the knowledge to bypass system security. It is possible, but difficult, to prevent fraud and chargebacks without the help of a specialized company. Contact us for more information on how we can be your partner in fraud management.