Fraud Prevention Techniques For Credit Card Fraud [Paperback]

Considering that this book has been sitting here, for quite some

time without a review, (which doesn't mean it hasn't sold

reasonably well - it may have well done so) I'll lay out its

first review.

First, the fact that this book exists, is a milestone in

e-commerce, and in self-publishing (through Canada's Trafford, no

less), considering that it's a topic that is extremely

specialized, boring, somewhat sterile, complicated yet in so many

ways present everywhere, at all times, considering there's almost

1 million ATM's, and 20 million points of sale/ merchants, around

the world taking credit cards.

If the objective of the author was to lend credibility to his

consulting business, he's succeeded considering the wealth of

information, extremely up-to-date, realistically and in a well

organized manner, on credit cards and points of sale, coupled

with the risk of fraud in that activity.

The author succeeds in giving confidence to merchants in

accepting credit cards, by explaining the litany of security

aspects, protection mechanisms and procedures that are present

during the transactions. I won't repeat what the book discusses,

but suffice to say that there are in excess of 40 chapters, most

short or medium in length, touching upon essential topics.

Obviously, with so many areas, none can be looked at in profound

detail, but this is not a drawback, considering that this book is

more of an introduction, than a how-to manual for websites,

ecommerce, software choices, or advanced security suggestions.

For those in the banking system, or working at merchant

locations, the author's instruction amounts to learning an

entirely new language, such is the terminology, the procedures,

the aspects of thinking and analyzing the "usage" aspects of

credit cards as forms of payment. As such, it can clarify,

justify, make coherent various strategies and requirements that

are seen at points of sales, and at banks for those handling

transactions which up until now were perhaps seen in isolation,

vs. as part of a greater whole, or of a larger encompassing

strategy. It assigns proper names to specific procedures and

scenarios and requirements.

For someone working in accounting, accounts receivable, at the

cash, or running a business, (a store, for example), the book is

an education on the struggle of maintaining the course vs.

abusers and fraudsters, and in how potentially difficult it can

be for store owners in maintaining their banking relationship in

face of the same abusers of "Credit cards" as forms of payment.

The author suggests that there are more volumes to be written in

the future, clearly admitting that a lot more could have been

said. Speaking for myself, a next volume would be welcome.

Lastly, perhaps 10 pages of repetition could have been edited

out of the book (such as about vbv, or securecode) or even the 4

or 5 typos seen along the 200 or so pages of the book, for

example, but, as an INTRODUCTION to the subject matter, clearly,

the author is agile in educating the reader on credit cards and

security and how they must be handled by all the parties

involved (acquirers, issuers, shoppers, merchants, etc.)

While covering a wide range of topics, it does so in an extremely basic manner, and even then, with very brief, and relatively poor explanations. In fact, so basic is the coverage that it is unlikely to be of use to anyone who buys it - people who buy a book such as this are likely to already have a certain degree of knowledge on the topic.

› Go to Amazon.com to see both reviews  2.5 out of 5 stars