In your HostedCheckout eCom solution do you have the ability to filter out credit cards issued from specific countries. Ie. do not allow Chines credit cards to be used.
At this time, our hostedcheckout on MercuryPay and Hosted Payments on Express do not have a filter for the currency code on credit cards. If need some suggestions on how to reduce fraud/risk, I can request one of our compliance representatives and TechLift experts speak with you.
That would be great. I would really appreciate that.
Expect a rep to reach out soon.
Discussions of fraud protections and International card association assigned BINs/IIN can go in a variety of directions based on your environment. Could you describe the nature of your original question? SO as a U.S. based eCommerce retailer, you are wishing to filter out certain card IINs based on country of origin? Card brand regs may not consider this a best practice, but rather to implement international AVS checks (or even IP monitoring). These in turn are driven by issuer reliability and adoption and this is varied in the global marketplace. In the U.S. domestic market this is fairly standard and yields more consistent results. The card brands offer good insights into eCom fraud protections for example this one from Visa https://usa.visa.com/content/dam/VCOM/download/merchants/visa-risk-management-guide-ecommerce.pdf or http://smallbiztrends.com/2013/09/tips-prevent-online-credit-card-fraud.html and our own eCommerce Fraud Prevention | Vantiv Integrated Payments :
Payments fraud affects all commerce channels and eCommerce is no exception. Because physical cards are not swiped for these purchases, there are even more ways for clever fraudsters to capitalize on stolen card information. Let’s explore some of the ways that payments fraud happens online and what your business can do to help prevent it.
Simple card theft
When thieves obtain card information like personal account numbers, expiration dates, and cardholder names, it can open the door for online payments fraud. However, there are steps your business can take to help deter the effects of simple card theft:
Card testingWhen fraudsters obtain a bulk of stolen card information, they may try to distinguish those already reported to issuers by “testing” each card with low-ticket transactions from trusted businesses and organizations. Here are some steps you can take to help mitigate these attacks:
Package interception and redirectionCard thieves can use stolen card information to purchase hard goods and then intercept them during delivery. To help avoid the costs of lost goods, chargebacks, and refunds, consider the following techniques:
So, Dan, let us know the details of the situation you are wishing to solve and we can suggest some options. Do you process with us already?
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