Recently several chambers have been approached by someone who wants to send her daughter, who is attending a local school, some chamber bucks. This person wants to buy several hundred dollars worth over the phone. It sounds like a plausible story full of care for a child away from home for the first time.
But what it turns out to be is someone receiving hundreds of dollars of local currency on a stolen credit card. She’s approached chambers all over the country over the past several months. This places chambers in a difficult position because while you want to serve your constituents and sell chamber bucks, you don’t want to become a victim to this type of fraud.
Avoiding Fraud with Your Local Currency
With Conpoto’s local currency program you don’t have to be a victim in this plot. Our system has safeguards to assure this won’t happen to you. With Conpoto you have peace of mind knowing:
No phone orders can be placed
Purchases can be made in person at the chamber office or online through secure software. If your buyer says they don’t have access to the Internet, you could log in and “purchase” it for them. At that point you’re safeguarded by the next security measure.
Billing zip code required
Every purchase must have a billing zip code that will be verified as matching the credit card before the purchase can be made.
Order Limits
Each chamber can place a limit on orders that can be made online without approval. For instance, a chamber can set a limit at $200. Before that currency would be issued, the chamber would have to approve it.
Credit card approvals
Conpoto’s system runs the credit card approval before issuing the currency. That way you’re less likely to fall victim to fraud.
No system is foolproof, but Conpoto takes cyber security very seriously. This is one of the many benefits of selecting our local currency program and not doing it on your own. We can help you avoid a very costly fraud situation. Learn more by contacting us today.