Anti-Fraud — Avoid False Information in your Database

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False information is one of the biggest problems faced by companies that have a large volume of registration data in their database. This data can greatly affect collection and sales operations, causing losses. That's why you need to know and understand how anti-fraud procedures work!

What is a scam, anyway?
In general terms, fraud is classified as an intentional act carried out with the aim of harming another party and exempting the fraudster from liability for the action. In the case of registration fraud, it is most common for a person to use someone else's data when registering in a database in order to avoid being identified later.

This happens a lot with credit cards, especially in lithuania number dataset commerce, where a supposed consumer can register and make purchases using stolen card details from third parties. This situation is so common because it is not very difficult to obtain all the information needed to use someone else's credit card.

Criminal behavior like this is extremely harmful to companies, as it can lead to high levels of default and high losses, so it is necessary to take all possible measures to prevent it from happening.

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How to use an anti-fraud system to prevent registration fraud?
One of the most common registration frauds is the attempt to use data that does not belong to the registered person to obtain certain advantages, including trying a different CPF to avoid credit checks in their name, which may be restricted, or even another name to avoid generating investigations in the event of a stolen credit card.

The best way to avoid this is to have an anti-fraud solution available, which allows the merchant to ensure that all the information provided in the registration is true and matches that of the person making the registration.

Real-time online registration confirmation is a great anti-fraud tool. With it, you can compare customer information with the database available at the provider company at the time of registration, through the platform itself. This makes it possible to make a sale or even grant credit in a much safer manner.

Furthermore, you also greatly reduce the chances of defaults, inefficient contacts and, of course, the losses that this can cause, not to mention that by having a tool like this, your business will be much more trustworthy in the eyes of your potential customers!

Check out TargetData's solutions and improve your database! For more tips, check out the other articles on our blog.