Although we are making great strides to stop the majority of fraudulent activity with new payment technologies such as EMV, you may still encounter it. Should you suspect fraud, there are several steps you can take to minimize your risk and manage the situation.
Sometimes fraud happens even with strong preventive measures in place. Keep contact information for reporting fraud easily accessible, and make sure your employees know how to use it.
If a fraudulent transaction occurs, contact the following entities for assistance:
- Your bank or payment processor
- Your legal counsel