SMALL BUSINESS CARD SECURITY
Best practices to prevent unauthorized use
M&T Bank uses multiple measures to monitor transactions for its clients and cardholders.
How to help stop business credit card fraud
Any company using business credit cards needs to be aware of the ever-present threat of fraud. There are some best practices you can follow to minimize your risk. M&T can help you address any risks by helping you create your company’s policy of acceptable and prohibited purchases, physical security of company cards, spending limits, Merchant Category Code (MCC) restrictions, velocity limits to prevent excessive use, a plan to review statements and much more.
M&T offers every Commercial Card customer the Card Guard Fraud Detection Service and Visa Advanced Authorization scoring. These business credit card fraud-detection systems use neural network technology, spending history and other factors to detect and prevent fraudulent activity.