OSG implements strict fraud control policies to reduce the risk of fraud associated with accepting online credit card payments. This functionality includes verifying the authenticity of the customer through customer identification numbers provided by credit card companies. If the customer identification number is not correct the shopping process is terminated and the customer has to begin again.
OSG verifies personal address and billing information provided by a customer at the time an online credit card transaction occurs. We verify that the credit card information provided by the customer matches the information the credit card company has on file.
We also incorporate additional fraud control measures with the help of our payment gateway. The Payment Gateway Algorithm is used to check credit card numbers that are passed. This algorithm checks to make sure that the credit card number is within a set of numbers which are valid for that particular credit card ("Mod" is the remainder of a division of two numbers. Since the most important step in validating the credit card is dividing the check sum by 10 and checking to make sure the remainder is zero)
Once the transaction information has been presented for an authorization request, if the request is rejected by the payment gateway then the authorization is declined. We then contact the customer to collect more information or to deny the transaction.
All information is encrypted using 128-bit SSL encryption and this minimizes the chances of fraud. The payment gateway also checks the authenticity of the customer and checks if a fraudulent person is using a card belonging to another individual. No fraud cases can pass through this double fraud prevention process. Besides, we implement a strict privacy policy under which there is no chance of confidential information being shared with any third party outside our clients’ organization.
These measures enable OSG against fraudulent, lost, or stolen credit cards, and charge backs. We also take the help of highly advanced electronic transaction technology that allows us to identify, profile, and reduce risk associated with fraudulent activity and validate that a genuine credit card is being used during a transaction.
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