Listen to 300+ podcasts by best-selling authors, published Wednesday, 4pm EST!

Fraud prevention software

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Online Fraud and other Shopping Cart topics.

Do I need any kind of fraud prevention software to run my small business?

Fraud prevention software

Fraud prevention software monitors your financial applications and data, spotting trends and transactions that don't seem to be legitimate. Employees might try to charge items for personal use to your business accounts, for example. Fraud prevention software typically monitors checks being cut to the same vendor, checks that are just under the amount that requires a second signature, and changes to a vendor's address (allowing legitimate checks to be delivered to someone else). You should conduct a risk analysis prior to implementing a fraud protection prevention. Whether you are a large or small software companies, you do have a certain amount of risk of both offline and online fraud.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Shopping Cart Tip Site? Request a Tip Now!


Guru Spotlight
Sheri Ann Richerson