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Who Was That Masked Man? Using Technology to Aid in the Fight Against Online Fraud.

Business Credit

| October 01, 2001 | Natale, Noreen | COPYRIGHT 2001 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

At its core, the solution for reducing online fraud is simple. If a business or organization has a way to validate its customers, it can be more confident that its transactions are authentic and will have a positive effect on the bottom line.

When a shopper uses a credit card to pay for offline purchases, the cashier issues a receipt to sign. That signature allows retailers to prove that a sale was made if there is a dispute. If that receipt for the customer is not signed, the retailer will not be protected from fraudulent people who accept material but refuse to acknowledge payment. The retailer could be forced to accept the loss without recourse. Not getting ...

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