Security solutions like encryption, tokenization, PINs, passwords and CVVs provide debit card fraud protection, but no system is infallible. Consumers and merchants alike must do their part to minimize the risk of debit card fraud. PCI compliance, in the case of merchants, and keeping card information private, in the case of consumers, are important in mitigating loss.

Debit card fraud is varied. Cybercriminals may use phishing techniques by phone, email or text to lure consumers into providing their card numbers, PINs and passwords. Or in-person scams like skimming, where a modified PIN pad or ATM collects card information, can allow criminals to create fake cards they then use to make purchases or cash withdrawals.

M&T has extensive security measures in place to protect its cardholders and merchants. We can help your business with card terminals, POS software, payment gateways and virtual terminals that are designed for debit card fraud detection.

Credit card fraud protection is multifaceted and includes encryption, tokenization, network security and systems access control. Each security measure is designed to prevent cardholder data theft. Consumers and merchants alike must do their part to minimize the risk of credit card fraud. PCI compliance, in the case of merchants, and keeping card information private, in the case of consumers, are important in mitigating loss.

Encryption and tokenization are cornerstones of credit card fraud protection. Encryption uses an algorithm to scramble card numbers into a non-readable form. Tokenization replaces card data with a randomly generated surrogate value. M&T Bank can help provide you with the tools to do both.

In the battle for credit card security, it pays to stay ahead of the hackers. That means utilizing the latest technologies designed to help prevent credit card fraud and save your business (and your customers) money and frustration. M&T Merchant Services can help you implement the best solutions to prevent fraud.

The risk of credit card fraud is constant, with attacks and data breaches occurring daily throughout the world. Cybercriminals are continuously developing increasingly sophisticated ways to steal sensitive information. While it is easy for business owners to become overwhelmed with fear and uncertainty, there are steps you can take to prevent or minimize the impact of fraud.

Credit card fraud takes many forms. Thieves can physically steal a card and make fraudulent charges. Cybercriminals can phish card credentials from unsuspecting consumers and make transactions just as if they had the card itself. For cards with cash-machine privileges, criminals can modify an ATM so that they can steal card and PIN numbers. And credit card data can be stolen from merchants that don’t have effective security measures in place.

M&T offers fraud-prevention solutions for its merchants. We can help your business with card terminals, POS software, payment gateways and virtual terminals that are designed for credit card fraud detection and prevention.

Merchant services providers and credit card companies use technology to monitor cardholder accounts, looking for unusual or suspicious activity. When there are transactions out of the ordinary for a cardholder’s profile and history—an unusually large purchase or activity in a foreign country, as examples—the bank or card issuer may freeze the account to prevent potential loss.

M&T uses an advanced fraud detection suite with more than a dozen customizable, rule-based filters to identify, manage and help prevent suspicious and potentially fraudulent transactions. Our Merchant Services Business Consultants can help you protect your business and customers by implementing an up-to-date payment system that includes card terminals, modern POS software and a robust payment gateway.

Every business that works with credit card information is required to comply with the Payment Card Industry Data Security Standards (PCI DSS) to prevent cardholder data theft. Merchants working with M&T are automatically enrolled in our PCI Assist program, which helps make compliance easier.