1 / 3

The Ultimate Ecommerce Fraud Prevention Glossary Key Terms You Must 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.

gpay
Download Presentation

The Ultimate Ecommerce Fraud Prevention Glossary Key Terms You Must Know

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Ultimate Ecommerce Fraud Prevention Glossary: Key Terms You Must Know In the rapidly evolving world of online transactions, understanding Ecommerce Fraud Prevention Glossary is crucial for businesses and consumers alike. This glossary explains essential terms, helping you navigate the complexities of fraud prevention and safeguarding your digital ecosystem. 1. 3D Secure (3DS) A security protocol designed to enhance cardholder authentication during online payments. Implementing 3D Secure reduces fraud risks by verifying transactions through an additional layer of security. 2. Chargeback A chargeback occurs when a customer disputes a transaction, leading the bank to reverse the payment. Ecommerce fraud prevention strategies often include monitoring chargeback rates to identify fraudulent activity. 3. Card-Not-Present (CNP) Transactions CNP transactions are payments made without the physical card, such as online purchases. These are highly vulnerable to fraud, making ecommerce fraud prevention technologies critical. 4. Tokenization A process that replaces sensitive payment data with unique tokens, reducing the risk of data breaches. Tokenization is a foundational element in ecommerce fraud prevention systems. 5. Fraud Detection Software Specialized tools that analyze transaction data to identify suspicious activities. GPayments provides advanced fraud detection solutions tailored for ecommerce businesses.

  2. 6. False Positives These occur when legitimate transactions are flagged as fraudulent. Reducing false positives is an essential aspect of e?ective ecommerce fraud prevention. 7. Multi-Factor Authentication (MFA) MFA requires users to verify their identity through multiple methods, such as a password and biometric scan. This is a standard practice in ecommerce fraud prevention. 8. Payment Gateway A technology that facilitates online transactions. Secure payment gateways incorporate ecommerce fraud prevention measures to protect merchants and customers. 9. Identity Theft A form of fraud where personal information is stolen to commit unauthorized transactions. Robust ecommerce fraud prevention measures help mitigate identity theft risks. 10. Risk-Based Authentication (RBA)

  3. A dynamic authentication approach that adjusts security measures based on the risk level of each transaction. By mastering these terms, businesses can enhance their ecommerce fraud prevention strategies and foster secure online environments. Partnering with trusted solutions like GPayments ensures comprehensive protection against evolving threats. https://www.gpayments.com sales@gpayments.com Suite 213, 7 Railway St, Chatswood, New South Wales, Australia, 2067

More Related