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From the category archives: Clearpay Wisconsin Blog

Biometrics

What are High Risk Credit Card Transactions?

Credit card processing costs differ depending on the risks associated with the different kinds of credit card transactions, such as "card present" transactions versus "card not present" transactions. Online sales can also be problematic depending on the category of products or services offered. Each credit card processor has risk analysis protocols that they follow according to their underwriting guidelines for high-risk transactions. These guidelines are developed from years of experience and from analyzing the data from many thousands (perhaps millions) of transactions. Below

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Improvements in Customer Identification Through the Use of Biometrics

Fraud statistics are shocking. In the United States, 46% of credit card holders have been a victim of fraud within the past five years. The Nilson Report estimates that worldwide losses were more than the equivalent of US$24 billion during 2016. This figure was an increase of 12% from the previous year.

Card-not-present transactions are still very vulnerable to fraud; however, transactions, where the customer presents the physical card in order to make a purchase, are getting a new boost in security through biometrics.

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  • Processing for all major payment processing brands
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  • 24/7 customer support from a highly experienced team
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  • Customized industry-specific solutions
  • PCI compliant equipment for the most secure transactions