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Additional Card Fraud Protection Measures Implemented By Payday Express

by Jim ONeil on September 20, 2011

in Payday Loans News

UK residents who have needed cash quickly in the past have likely heard of Payday Express. This  provider of instant approval payday loans has been serving UK consumers for years. Recently, the lender has increased its fraud protection measures by improving its cardholder verification process. It and many other financial services companies are taking major steps to combat debit card crimes.

Card not present, or CNP, fraud occurs when making purchases via the mail, telephone, or online. The cardholder is not required to physically present the debit or credit card when making payment. Payday Express already had several checks in place to prevent CNP fraud regarding its payday loans. It recently improved its cardholder verification process, making it more stringent.

When customers call the company to pay with a card other than the one they initially provided when creating their account, the enhanced verification is triggered. By limiting its exposure to CNP fraud, the company expects that the number company chargebacks will decrease. The enhancements also allow it to provide more protection to customers who were previously victims of credit or debit card theft.

Payday Express investigates details regarding suspicious transactions and reports them to the police and SOCA, the Serious Organized Crime Agency. Daniel Ibrahim, online fraud manager Payday Express, stated that the company makes combating fraud a high priority. While protecting people from becoming victims, it ensures that customers continue to receive fast, easy, and convenient payday loans.

No faxing of documents is required to get a payday loan from Payday Express, another factor that contributes to consumer safety. The Payday Express Web site is secure and the lending process is discreet. By completing a short online application, employed individuals in the UK with a debit card can get  an instant decision through this site regarding the short-term loans they need.

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