| The Worldwide E-Commerce Fraud Prevention Network has announced the launch of its fraud prevention Web site. Located at www.merchantfraudsquad.com, the site provides expert advice about how to combat online fraud, a growing merchant concern. Internet fraud involves the unauthorized use of credit card numbers and other payment vehicles to purchase goods and services.
Currently, the site provides advice and information intended to keep stolen credit card numbers out of circulation and prevent their use on merchants’ sites. Sample articles include: Five essential tools for preventing the use of stolen credit cards online; Tips on secure Web hosting; How to effectively report online crime; Future use of e-signatures for fraud prevention; Consumer tips for shopping safely online, which merchants can place on their Web sites
Merchantfraudsquad.com is the first initiative of The Worldwide E-Commerce Fraud Prevention Network, a not-for-profit organization formed last fall by American Express and its coalition partners: Amazon.com, buy.com, ClearCommerce, Expedia.com, First Data Corp. and Starwood Hotels & Resorts Worldwide.
The Network seeks to educate merchants about fraud prevention techniques and to encourage online enterprises to adopt best practices and anti-fraud technology. Since the coalition’s launch, more than 375 businesses and organizations have signed on as charter members, including many recognized e-commerce leaders. |
