Credit card fraud continues to be a significant issue for businesses and consumers, and it hurts us all. Moneris has taken a proactive approach to helping merchants reduce fraud by creating the Moneris "Every Card. Every Time" fraud prevention program to help educate front-line staff about fraud.
Code 10 authorizations
Code 10 is a universal code that allows you to alert an authorization department of a suspected fraudulent transaction without alarming the customer. Call for a Code 10 when you think a transaction needs a closer look, or when you believe a fraudulent transaction is occurring. If you are at all suspicious, call Moneris at 1-866-802-2637 and follow the prompts for a Code 10.
Mail order/telephone order and Internet fraud
There is anonymity buying through the mail, over the telephone or online, but here are the steps you can take to help stop credit card fraud. Watch for:
Larger than normal purchases
Orders of "big ticket" items for resale
Orders shipped Rush or Overnight for quick sale
Transactions on similar account numbers
Orders shipped to a single address but made from multiple cards