Three Tips for Avoiding Fraudulent Credit Card Transactions

Rich McIver | December 9, 2015

by Rich McIver As credit card use become more popular, so does the act of credit card fraud. According to a Federal Reserve Payments Study, the estimated number of fraudulent transactions in 2012 was 31.1 million, with a value of $6.1 billion. When businesses process these fraudulent charges, they could lose money and be forced to deal with other long-term issues. Hotels and other companies will always be faced with fraudulent credit card transactions. Knowing how to detect these possible charges and establishing steps to deter them could save your business time and money. Here are some tips for avoiding fraudulent credit card transacti...