Brokers urged to highlight risks of credit card fraud

credit-card

The Forum of Private Business has called on brokers to ensure clients protect themselves when processing payments online.

During the past month the forum's member helpline has seen a rise in calls about payment processing fraud and the organisation has warned that small to medium-sized enterprises (SME), that do not have adequate risk management in place, are becoming increasingly exposed to credit card fraud.

Jane Bennett, head of campaigns at the forum, has advised brokers whose clients use online payment processing to get them to look carefully at any agreement with a payment portal provider.

"The contractual

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