Risk Management

Understanding your merchant account and the risk associated with it are very important, when it comes to avoiding disaster. Merchant account risk can vary from business type to business type. Let’s look at a “Retail” business first. A customer comes in your store and purchases $300 worth of merchandise. You run the credit card and customer signs receipt. In this scenario the purchase was made with a stolen credit card. Thirty days from now, the true card holder receives their statement and disputes the charge. Guess who is responsible for that charge…the merchant. The merchant has received stolen money and the charge will be reversed. This is just one risk associated with a merchant account.

Another scenario for “Ecommerce”, you receive an order huge order for 10,000 Widgets and run down to your post office to ship it. Three weeks from now the customers call his credit card company and says, “I did not receive the order”. You have not proof that you mail it or he received it, because you used the post office. This charge will be reversed at your expense.

You need to be aware of the risks and try to avoid problems. A sound plan for avoiding chargebacks should be put in place and you should always be aware of potential problems.

Gateway Protection

Taurus Internet gateway partners provide a real-time credit card authorization service with effective, built-in fraud screening technology. It is a turnkey solution to help combat fraud and process more valid orders automatically—without requiring a sophisticated fraud department or additional technical resources to implement or manage.

Key Features

• Technology works with all major credit cards

• Verification of both cardholder billing and shipping addresses

• Verification of legitimate customer area code and address location match

• Analysis of customer data for "red flags" such as obscenities and nonsensical data

• Review of each transaction against a file of historically "bad" address and credit card numbers

Key Benefits

• Authorize credit cards fast, reliably, and securely

• Effectively detect fraudulent orders in real-time

• Maximize automatic acceptance of valid orders

• Experience simple set-up and operation