- Published: Tuesday, 29 August 2017 17:50
- Written by CCP User
How You Hold Your Mouse Might Prevent Online Fraud
As fast as new security tools are implemented to combat online credit card fraud, criminals devise new ways to beat the system or find new weak spots in how online credit card processing works. Chosen Payments constantly monitors solutions that keep our merchants safe from experiencing a fraud loss.
Many of our clients such as home housewares, limo operators, uniform retailers and trade associations conduct the majority of their business through online transactions so improvements in fraud disruption are an important consideration.
If we go back in time to the early 90’s, we were pretty easily duped by phishing emails and Nigerian scam artists. We gave up our personal data pretty easily because eCommerce was new and we had no idea how it worked. This was like turning on a faucet of money for many fraudsters.
For Immediate Release
Contact: Jim Luff
CHOSEN PAYMENTS NAMED to the 2017 Inc. 5000 List with 3-Year Sales Growth of 564%
MOORPARK, Calif. (August 21, 2017) – Inc. Magazine has named Chosen Payments to its 2017 Annual Inc. 5000, an exclusive ranking of the fastest growing privately owned companies in America. The list represents a comprehensive review of privately held corporations that make up the backbone of the nation’s commerce and economy. Companies such as Dell Computers, Domino’s Pizza and Zillow have appeared on this list in their infancy.
Chosen Payments was ranked #800 in a review of more than six million privately owned companies.
Why use SSL?
You have more than likely seen the term SSL and you know it has something to do with internet security but you aren’t exactly sure if you need it, if you should be using it or even if you should look for it when doing business online.
SSL stands for Secure Sockets Layer. It is the standard security technology for establishing an encrypted or a coded link between a web server and your browser such as Firefox or Google Chrome. This link ensures that all data passed between a website and your computer remain private. This is particularly important when you are transmitting your credit card information to the website for a purchase. Think of it like this: If you were to give your credit card number to a particular vendor over the airways of your favorite radio station, you would be horrified at the thought that anyone listening could record it and keep it. However, if you had a magic voice scrambler that could rearrange the numbers of the card, the expiration date and 3-digits or 4-digit code as you said them and then revert them back to the correct order only to the company you want to have it everything would be okay. The internet is very public and SSL technology is a scrambling system that prevents unauthorized people from viewing, joining or following your transactions.