Fraud Prevention and Risk Management

INSTANT ACCEPT FEATURE OF THE MONTH

Fraud Prevention and Tools

Cybercriminals are more sophisticated than ever when it comes to conducting fraudulent transactions and accessing sensitive credit card data. With this increase, Instant Accept created our FRsK First™ product that helps merchants mitigate fraud. The Instant Accept payment gateway coupled with the QuickBooks integration helps keep merchants data and transactions safe and secure all in one place. Instant Accepts fraud prevention suite offers a vast selection of fraud tools for any merchant. Best of all, merchants can choose which tools they would like to turn on and off. To find out more about what the fraud suite has to offer continue reading on.

INSTANT ACCEPT TIPS, TRICKS & TOOLS

Frsk First^TM Risk Manager

To assist with fraud prevention, our gateway offers our proprietary FRsk First™ Risk Manager. This feature gives you the ability keep your business safe while processing. To set this up, please log into the gateway and go to Acquiring > Risk Manager > FRsk First™ Settings. You also have the option to set scoring which will drive alerts and receive detailed reports on the health of your business.

Small Businesses Should be Proactive on Fraud

Business News Daily has published a comprehensive guide to help businesses, particularly small businesses, to understand payment fraud and how to handle it within their business. They walk through several items to help technical and nontechnical small business owners understand payment fraud and how to be proactive to work towards avoiding it and defending themselves, their business, and their customers. According to Business News Daily a LexisNexis report states that for every $1 in fraud can cost businesses around $3.99. Which is a very significant amount of money for small businesses.

Protect Your Business and Your Customers Now

Every small business finds themselves considering what they would do if they had fraud issues come up within their business. What some business owners may not know is that fraud can come in multiple ways. From employee theft to the everyday common fraud issues that come with accepting credit cards. The key to protecting your business and your customers is fraud prevention not reaction. Get ahead of any issues before they arise. CalCPA has come up with eight different steps to help you and your business along your journey to fraud prevention.

Don’t Underestimate Your Own Risk of Fraud

Don’t ignore the possibilities of fraud within your business. Small businesses are more likely to have issues with fraud because of their business size. From the report of the Association of Certified Fraud Examiners (ACFE), they have found that employees within the business can be one of the main causes of fraud. They have also come up with many options and pointed out vulnerabilities that you can look at within your business to protect your business and your customers now.