E-commerce grew 20% for Costco in fiscal 2015—20 times faster than store sales.
A new web site aims to help merchants share data about card fraud.
To fight crime, it is imperative to share knowledge about criminal activities. To that end, the Worldwide E-Commerce Fraud Prevention Network launched a web site Jan. 15 to share information, techniques and knowledge among members.
The site provides advice and information on keeping stolen credit card numbers out of circulation and prevent their use on merchants’ sites. Sample articles include:
- Five essential tools for preventing the use of stolen credit cards online.
- Tips on secure web hosting.
- Effectively reporting online crime.
- Future use of e-signatures for fraud prevention.
- Consumer tips for shopping safely online, which merchants can place on their web sites.
Merchantfraudsquad.com is the first initiative of The Worldwide E-Commerce Fraud Prevention Network, a not-for-profit organization formed last fall by American Express Co. Inc. and its coalition partners including Amazon.com and buy.com.