You work hard to protect the interests of your business and your customers. Unfortunately, fraudulent Card use can undermine your best efforts. Millions of dollars are lost each year because of such fraud.
As you consider becoming an American Express Merchant, know that we take fraud as seriously as you do. You can review some of the Card Acceptance policies and procedures we use to help protect your business from loss below.
Multiple Layers of Protection
Implementing multiple layers of fraud protection will help you to secure your business.
To reduce fraud, you may choose to implement a combination of the following strategies:
- Learn how to recognize suspicious behaviours or circumstances that may signal fraudulent activity
- Implement Fraud Mitigation tools that leverage risk controls to identify fraudulent activity
- Develop additional risk models or controls internally or obtain externally from third parties
- Take advantage of the full suite of premium value tools that can help to mitigate the chances of fraud and help to reduce this cost to your business