[SC-Help] Re: Predicting fraudulent orders using IP address

[User]

On 08.02.04 09:29, Randolf Richardson wrote:

 --- Original Message ---


> "User <user at domain.invalid>" stated in spamcop.help:
> 
> [sNip]
>> Our computer mail-order business, in the mid 90's processed a little
>> over 8,000 card transactions on a weekly basis. Some were fraudulent and
>> caught immediately during the EDI transaction and some were fraudulent
>> that weren't caught and completed processing successfully. Those that
>> passed became the responsibility of the card issuing company, Visa, MC,
>> etc. We got our money regardless.
>> 
>> That was then, I am unaware today if that still holds true or not.
> 
>     	It depends on the merchant agreement and if the risk factor of the 
> business.  If it's chocolates (that's an assumption) then it's probably not 
> as risky as pornography, for example, but the credit card companies will have 
> a much better handle on that -- perhaps chocolates are a high risk category?
> 

Yes, I forgot to mention the "merchant agreement" as that does enter
into the total picture.

The first flag that goes up in any cc transaction is the shipping
address that is different from the billing address. You'd be surprised
at how many notebook computers MAY have been sent to an empty lot.

There are a lot of flags that get raised in a million dollar per day
business !!! ;-)

Our best "catch" was a buyer with a stolen CC in his hand still on the
phone (pay phone) in Manhattan still talking to one of our phone sales
associates when the US Secret Service Agent tapped him on the shoulder.

Jay