How can you prevent fraud from impacting customers and your business? First, understand that many customers want to know who has access to their data.
Therefore:
1) Developers should only request the MINIMUM amount of information needed and display the information as well as what it’s being used for. Transparency is key.
2) Developers must give shoppers the ability to revoke access to their data in order to foster trust.
3) From a security perspective, developers must ensure they are PCI-compliant and that they are meeting basic consumer protection regulations.
4) If businesses lack the ability to protect the data they collect, they should look into a 3rd-party payment solution that can help them do so.
Learn more about Amazon Pay for businesses, here: https://pay.amazon.com/business
Watch our full video presentation on fraud prevention for eCommerce businesses on our webinars page: https://pay.amazon.com/resources/webinars