Merchant Security Control

 

Security Control - Simple Steps to Reduce Fraud Risk

Trading via the internet does expose Merchants to risk of both payment fraud and Identification Fraud (see below).

There are 2 types of fraud control available to merchants.

Payment Transaction Fraud

  • Please review our recommendations concerning reducing transaction fraud (Click here to view)
  • Please review our recommendations concerning reducing chargebacks (Click here to view)

Identification Fraud

Typically, a username and password is provided by your bank to access your merchant account via your web browser. At best this provides you with ONLY a single factor of identification.

VISA's Account Information Security (AIS) standards identify that a single factor identification process is NOT enough protection for merchant account access...see VISA website

Additional Highly Recommended Reading

AIS Security Standards
Protect your Identity
Identity Theft News

 

 

© Zipzap Payment Gateway
All prices are in NZD unless stated otherwise, and exclude GST
Supporting Information

 

Universal Problem
- when accessing bank accounts via web browser.

Typically, a username and password is provided by your bank to access your merchant account via your web browser. At best this provides you with ONLY a single factor of identification.
 

Reports are available of NZ bank clients having their username and password snooped or stolen by keystroke loggers and unauthorized others ....see NZ Herald News Report

 
Banks’ reimbursement of customers for losses to internet theft or fraud:
BNZ: $245,000 in 26 cases over the past year.
Westpac: $160,000, mostly in the past year.
Kiwibank: About $4500, to 34 customers. ....see NZ Herald News Report
 
A sweeping review of internet banking security is being done after international criminals stole up to $100,000 from online customers. ....see NZ Herald News Report
 

Online ID theft a worrying trend for banks .... see NZHerald Report