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If you're an online business, then probably you've been introduced to the underground of the e-commerce: Online Fraud. This article lists the best ways to prevent fraudulent transactions.

You have

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

this great product, you advertised it well, and you revamped part of your website just to accommodate this particular product. Transactions begin to flying in and you're quite thrilled. Few weeks

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ater, you suddenly start dealing with a major waste of time and money: chargebacks and/or returned checks. You discovered that the reason of chargebacks/returned checks was that the credit card/ban

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

k account was compromised. The only solution that you have is to return the money, and to forget about the product that you probably shipped (in case of a physical product). You ignored online frau

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

, you learnt your lesson, but now what?

Worry no more, here is a small checklist that you can implement to prevent fraudulent transactions:

1. Never allow direct debit transactions on your site:

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

Direct debit, a simple technique where you can just debit any account (mainly in the US & Canada) by simply knowing the account # and the routing # is more susceptible to fraud than any other type

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

f online transaction. Think about it, you just have to know the account # and the routing # of a person just to debit his account, you don't even have to know his name, his address, or anything els

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

e for that matter, just his account # and routing #. Payment gateways only check for these 2 and ignore all the other information that they receive about this account (including the name and the ad

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

ress).

2. Don't use AVS, use CVV: AVS is extremely unreliable and at many times there's no verification against it. On the other hand, CVV is very reliable, as usually the person purchasing has to

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

have the credit card on hand in order to make the purchase. However, always ask for the full address of the person, you might need it in case you are suspecting fraud.

3. Monitor the IP of your t

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

ansactions: If you have IPs originating overseas, yet the address mentioned either in the billing or shipping address is local, then it is highly likely that this is a fraudulent transaction. Have

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

small script to raise an alarm and halt the transaction in case the country where the transaction is originating from is different than the country where the client is claiming to be in. Your scri

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

pt also has to blacklist that IP so that your system won't process further transactions originating from this IP anymore. Keep in mind, however, that forging an IP is always possible.

4. Monitor t

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

e shipping and the billing address: As mentioned above, forging the IP is not very complicated, and there are tools to do it, so in some cases, the above method won't work. However, if you have som

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

eone whose shipping address is overseas yet his billing address is local, then this is another sign of fraud. Another sign of fraud (though sometimes it might be a legitimate transaction) is to hav

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

the name on the card different than the name of the person to ship the product to. Have another script to check for both cases. However, don't halt the transaction but just allow for manual proces

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

sing after you contact the owner of the card.

5. Do not reveal your security measures: Revealing your security measures is not beneficial at all to your clients; on the contrary, it is very intimi

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

ating. On the other hand, the person committing the fraud might really appreciate your gentle gesture in revealing such information, as he/she will be able to figure out how to circumvent your secu

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

rity measures.

Although there are no guarantees whatsoever that you will totally stop fraud once you implement this list, you will for sure reduce it considerably. Implementing the above in our co

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

pany reduced fraud to almost 0 transactions/month (the last fraudulent transaction we had was about 4 month ago). Note that we had about 30/month before implementing this list (roughly about 0.25%)

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Time Dimension: presented versus 1991 ZIP Codes in one ZIP and the other side in a United States America ZIP Code. The block to ZIP equivalence file organized by the vendors each chunk was assign to one and only one survey building block.

We have only one life, but we live in three overlapping worlds—our business world, our family world, and our other social world. Imagine bringing your spouse and kids to a meeting with seven of your salespersonnel. Sitting off to your left, Miss Wright asks the question on the minds of all her fellow sales colleagues, “Why did you bring your family to our meeting today? Will they be playing any sort of role in our discussion?” You simply respond, “No, they’re just here so I can tend to their needs.”

Why do they have conventions in Las Vegas instead of some unknown, small town? Because people want to play. Here's why giving your customers an excuse to have fun pays.

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