How Our E-commerce Solution Protects You Against Fraud

\"CreditThese days, people just love to shop online. Tell you something you don’t know, right? Well, there are also many people who would prefer not to shop online simply because they are afraid of the risk. Identity theft is one of the biggest concerns that people have today. For many, there’s nothing worse than someone getting a hold of your personal information in order to start racking up charges that don’t belong to them.

On, Howard Portnoy admits that “every time your computer connects to a network and communicates with other computers, you place yourself and loved ones at risk.” So naturally, it’s important to adopt certain security measures. At Canadian POS Corporation, we understand that shoppers aren’t the only ones who are concerned about identity theft. Merchants also want to be sure that they are selling their goods to legitimate buyers.

“Identity theft,” as defined by Portnoy, “is stealing personal information, such as bank account numbers, credit card numbers and social security numbers. The thief then poses as the owner of these numbers in order to steal from the victim. Law enforcement authorities estimate that billions or even trillions of dollars change hand on-line every day. Computer users who fail to take security precautions against cyber criminals risk losing their savings.”

So what can you do to avoid identity theft? Canadian POS Corporation’s e-commerce solution allows for our clients to easily and securely process all credit cards from their company websites. It secures real-time transaction processing, but also uses advanced risk management tools to protect your online business from becoming a victim of fraud. We know how important it is, of course, to protect both your business and your customers from bogus transactions.

One of the ways that our e-commerce solution is able to protect against fraud is through its compliance with the Payment Card Industry’s Data Security Standards (also referred to as “PCI DSS”) for the transmission, processing and storage of credit card data. Our service protects both your business and your customers’ data with advanced encryption technology, security features and fraud detection resources.

There are also specific card security codes that are set in place that our e-commerce solution supports. Therefore, you are able to confirm that each online buyer actually has physical possession of the credit card when a transaction is being made. As well, our program supports such other fraud-preventing programs such as Verified by Visa and MasterCard SecureCode. These plugins helps to protect your business from losses due to chargebacks.

As well, our e-commerce solution comes with a Cardholder Information Management and Billing (or “CIMB”) feature that enables you to safely and securely build and maintain what is called a “card on file” database. What this does is store the information of returning or frequent customers’ card information. It gives “tokens” that represent card information that can be used to start new transactions by keeping such customers’ payment details on file.

Online sales, as you are very likely aware, make up huge parts of many businesses’ revenue streams. And they can be just as big a part of yours! Contact Canadian POS Corporation at 1-877-748-2884 to learn more about our e-commerce solutions. If you have a concern about online fraud and identity theft, you’re not alone. This is why we have the best possible solution for you. Let’s talk more about it today!

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