Tips to mitigate online fraud

Counterfeit card fraud has decreased by 66% as more merchants accept – and more cardholders use – Chip cards. However, in response, online fraud has increased 26%.

How can a financial institution mitigate online fraud for their cardholders?

  1.  50% of fraud is found by the cardholder. Help them reduce the chances of fraud on their cards by providing them with this information: Protect-yourself-from-fraud.
  2. Let cardholders know how to sign up for transaction alerts offered by your institution or Visa Purchase Alerts.
  3. Educate your staff about SecurLOCK fraud alerts as well as real-time rules authorization blocks and how to respond to each.
  4. Consider addition SecurLOCK Equip to your arsenal.
  5. Request free on-site or webinar training and user guides for your staff.

Contact us for details!