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Ecommerce Fraud Prevention Glossary Key Terms You Should Know

https://www.gpayments.com/glossary/<br>A list of definition to help you gain more understanding of 3DS Industry's technical terms. Please reach out to GPayment's support team for more information.

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Ecommerce Fraud Prevention Glossary Key Terms You Should Know

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  1. Ecommerce Fraud Prevention Glossary: Key Terms You Should Know

  2. In the ever-evolving landscape of online transactions, understanding the terminology of Ecommerce Fraud Prevention Glossary is essential for businesses aiming to safeguard their operations. This glossary highlights key terms related to fraud prevention, offering insights into essential concepts that can protect your ecommerce platform. 1.3D Secure: A robust protocol for credit card fraud prevention, 3D Secure adds an additional layer of authentication during online payments, reducing unauthorized transactions. 2.Chargeback: A common issue in ecommerce, a chargeback occurs when a customer disputes a transaction. Effective fraud detection software can help minimize fraudulent chargeback claims.

  3. 3.CNP Fraud (Card-Not-Present Fraud): This happens when stolen card details are used for online purchases. Ecommerce fraud prevention tools can detect unusual purchase patterns and prevent such fraud. 4.Tokenization: By replacing sensitive payment details with a unique identifier or token, tokenization enhances security and reduces the risk of data breaches. 5.Fraud Scoring: A method of evaluating transactions based on risk factors, fraud scoring is integral to modern ecommerce fraud protection strategies. 6.Payment Gateway: The backbone of online transactions, a payment gateway facilitates payment processing while integrating fraud prevention mechanisms to detect suspicious activities.

  4. By mastering these terms, businesses can make informed decisions about adopting financial fraud detection software and partnering with ecommerce fraud prevention companies. Understanding the glossary of fraud prevention empowers ecommerce merchants to stay one step ahead of cybercriminals and build trust with their customers. Keep these terms at your fingertips to enhance your ecommerce security and protect your payment processes effectively by Gpayment.

  5. Thank You https://www.gpayments.com sales@gpayments.com Suite 213, 7 Railway St, Chatswood, Australia

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