Understanding Credit Card Fraud online

How Advanced Fraud Detection Services Work

As anyone who has ever had a valid credit card charge questioned knows, there is a lot of fraudulent use of cards, and the Internet has made it even easier for the bad guys to exploit them. According to comScore, last year ecommerce in the U.S. reached record levels of spending with more than $160 billion in transactions. With all this activity, it is like looking for the proverbial needle in a very large haystack to try to track down fraudulent transactions. But a look into a couple of new fraud detection and prevention technologies shows that perhaps the good guys are making some inroads in this war.