Payment fraud refers to unauthorized or deceptive activity related to credit card, debit card, or digital payment transactions. This includes stolen card use, fake refunds, identity theft, or account takeover. Fraud leads to chargebacks, fees, and reputational damage, and is a top concern for ecommerce businesses.
Reducing payment fraud requires a mix of technology, process, and monitoring. Reviewing fraud trends helps you adapt — whether that means tightening filters or adjusting order review thresholds. Preventing fraud before authorization is always more effective than dealing with disputes after the fact.
AltoPay can help you configure fraud rules, verify customer identity, and respond to attacks in real time. Our support team can also help you create or modify your strategy to address trends as they evolve.
For more than a decade, Jessica Velasco has been a thought leader in the payments industry. She aims to provide readers with valuable, easy-to-understand resources.
