Best Solutions to Combat Credit Card Skimming Fraud

Summary

As payment fraud techniques evolve, particularly in the realm of credit card skimming and shimming, B2B organizations face mounting pressure to secure every transaction touchpoint. In 2024, the most effective approaches rely on advanced solutions that blend real-time detection with proactive prevention and flexible controls. The right platform does more than identify threats-it empowers finance and security teams to anticipate risks, adapt to new attack vectors, and maintain trust across complex B2B payment networks.

In this guide, we provide an analytical, side-by-side comparison of the leading tools for credit card skimming prevention. You’ll find key features, practical use cases, and recent updates for each solution-helping your organization make an informed, strategic choice to safeguard against emerging payment fraud.

1. FraudNet

Platform Summary:
FraudNet delivers a comprehensive, entity-first risk management platform designed for enterprise organizations seeking to move beyond isolated event analysis. By leveraging the world’s largest anti-fraud intelligence network, FraudNet empowers businesses to proactively identify compromised credentials, detect coordinated attacks in real time, and protect the entire customer lifecycle from the consequences of credit card skimming.

Key Benefits:

• Proactive anomaly detection that instantly flags skimming and shimming attempts
• Cross-device and cross-channel fraud detection to reveal coordinated attacks
• Access to a global anti-fraud network for real-time, collective intelligence
• Real-time transaction monitoring that balances security with a frictionless customer experience

Core Features:

• Machine learning models that analyze billions of data points for behavioral anomalies
• Entity-first approach linking disparate fraud signals to uncover organized fraud rings
• Real-time risk scoring and automated blocking of high-risk transactions
• Seamless integration with ERP, treasury, and legacy payment systems

Primary Use Cases:

• E-commerce platforms blocking coordinated card testing and chargebacks
• Financial institutions detecting compromised cards and preventing account takeover
• Payment processors protecting merchant portfolios from fraud rings

Recent Updates:
FraudNet was recognized as a 2024 Datos Insights Award Winner for its Joint AML and Fraud Transaction Monitoring Solution, underscoring its leadership in unified financial crime prevention. The platform recently launched Entity Screening to automate business partner verification and Policy Monitoring to proactively manage merchant compliance and contractual risks.

Setup Considerations:

• Seamless data integration via a powerful orchestration hub
• No-code, customizable decisioning workflows for tailored risk management
• Enterprise-ready scalability for high transaction volumes
• Collaborative onboarding with expert support for rapid time-to-value

2. Truist Commercial Card Solutions

Platform Summary:
Truist Commercial Card Solutions offers a holistic approach to payment security, combining practical fraud controls with comprehensive employee training and robust support for contactless payments. The platform is designed for organizations seeking to strengthen both technical and human-centric defenses against skimming and shimming threats.

Core Features:

• Integrated fraud monitoring and rapid alerts for suspicious activity
• Authorization management and detailed transaction reporting
• Employee education modules to raise awareness of skimming risks
• Support for contactless and digital payment technologies

Primary Use Cases:

• Managing corporate expenses with real-time alerts and spending limits
• Deploying fraud prevention training to help staff spot compromised terminals
• Transitioning to digital and contactless payments to minimize skimming exposure

Recent Updates:
Truist has expanded its fraud alert capabilities and refreshed its educational content to address emerging threats such as card shimming, ensuring both technical and human-centric defenses remain current.

Setup Considerations:

• Some features may be restricted to Truist banking clients or require bundled commercial services
• Does not include advanced detection; relies more on manual monitoring and user vigilance
• Virtual card and tokenization features are not currently available

3. J.P. Morgan Commercial Card & Virtual Card Solutions

Platform Summary:
J.P. Morgan Commercial Card & Virtual Card Solutions provides a flexible platform for secure B2B payments. With robust fraud detection, customizable controls, and a virtual card platform, it is designed for organizations seeking to proactively mitigate skimming and account takeover risks.

Core Features:

• Fraud detection leveraging chip technology and behavioral analytics
• Virtual card platform generating unique, single-use account numbers
• Customizable spend controls and real-time fraud notifications
• Integration with broader treasury and ERP solutions

Primary Use Cases:

• Secure, one-time B2B supplier payments using virtual cards
• Expense management for distributed teams with strict controls
• Account takeover and phishing defense through advanced monitoring

Recent Updates:
J.P. Morgan has recently enhanced its virtual card controls and expanded real-time alerting capabilities for both physical and digital payment channels, further strengthening its defense against evolving fraud tactics.

Setup Considerations:

• Pricing and feature availability may vary depending on enterprise contract size and negotiations
• Some advanced controls require integration with J.P. Morgan’s broader treasury or ERP infrastructure
• May not be as accessible for smaller organizations or those without an established J.P. Morgan relationship

What is Credit Card Skimming?

In the B2B landscape, credit card skimming has evolved far beyond physical devices on card readers. The primary threat today is digital skimming, often called e-skimming or Magecart attacks. This occurs when malicious code is secretly injected into a business's website, typically on checkout or payment pages. This code silently captures customer payment card data in real-time as it's entered, sending it directly to fraudsters. For any business that processes online transactions, from e-commerce storefronts to B2B payment portals, this represents a direct and stealthy attack on its payment infrastructure and customer data. To address these risks, organizations are increasingly turning to card-not-present fraud detection tools that can identify and block suspicious activity before it results in a breach.

Why is Combating Skimming Crucial for Your Business?

A single digital skimming incident can have devastating and cascading consequences for a business. Beyond the immediate financial liability and operational disruption, the damage to your brand's reputation can be irreparable. Customers and business partners lose trust, leading to significant churn and revenue loss. Furthermore, a data breach often results in severe penalties for non-compliance with regulations like PCI DSS, hefty fines, and potential class-action lawsuits. For B2B companies, where relationships are built on trust and security, failing to prevent skimming can sever valuable long-term partnerships and cripple your market standing. For a deeper understanding of how credit card fraud impacts organizations, see how credit card fraud affects businesses.

How to Choose the Best B2B Skimming Prevention Provider

Selecting the right B2B solution requires a focus on proactive and comprehensive defense. Look for a provider that offers real-time client-side security monitoring to detect and block unauthorized script activity as it happens. The solution must provide full visibility into your entire web asset ecosystem, including first-party, third-party, and even fourth-party scripts, as these are common vectors for Magecart attacks. Key evaluation criteria should include the ability to provide actionable, low-noise alerts, seamless integration with your existing security stack, and detailed reporting that helps maintain and prove PCI DSS compliance. Ultimately, the best provider acts as a security partner, equipping your team to neutralize threats before they can inflict damage. For organizations seeking a holistic approach, fraud detection and prevention platforms can offer unified protection across all payment channels.

Frequently Asked Questions

What is credit card skimming and how does it impact B2B organizations?

Credit card skimming is a type of payment fraud where criminals use hidden devices to capture card information during legitimate transactions, often at payment terminals or ATMs. In a B2B context, skimming can lead to compromised corporate cards, unauthorized transactions, financial losses, and reputational damage. For organizations handling large volumes of payments, a single breach can expose sensitive financial data and disrupt business operations. For more on industry-specific challenges, see fraud detection in financial services.

How do advanced solutions help prevent credit card skimming in B2B payments?

Modern solutions use advanced analytics to analyze transaction patterns, detect anomalies, and identify potential skimming or shimming attempts in real time. These platforms can correlate data across multiple channels and devices, flag coordinated attacks, and automatically block suspicious transactions. By leveraging collective intelligence and behavioral analytics, these tools provide proactive, adaptive defenses that traditional manual monitoring cannot match. Explore advanced fraud solutions for more details.

What are the key features to look for in a B2B credit card skimming prevention platform?

When evaluating solutions, decision-makers should prioritize platforms that offer: real-time transaction monitoring, anomaly detection, seamless integration with ERP and treasury systems, customizable risk controls, automated compliance reporting, and access to global fraud intelligence networks. Additional features like virtual card issuance, entity screening, and robust case management can further enhance protection and streamline fraud response workflows. For a comprehensive overview, see steps for preventing credit card fraud.

How can organizations ensure compliance while implementing anti-skimming solutions?

Organizations should choose solutions that automate compliance checks, generate audit-ready reports, and support regulatory requirements such as PCI DSS. Platforms that offer policy monitoring, business partner verification, and detailed transaction logs help maintain transparency and facilitate internal and external audits. Regular employee training and updated best practices are also essential to ensure ongoing compliance and reduce human error. Learn more about compliance solutions for fraud prevention.

What steps should a business take if they suspect a credit card skimming incident?

If skimming is suspected, businesses should immediately isolate affected payment terminals, notify their payment processor or bank, and review recent transaction logs for unauthorized activity. It’s crucial to inform impacted stakeholders and initiate an internal investigation. Leveraging real-time alerts and case management features within your fraud prevention platform can help contain the incident and support remediation. Finally, update security protocols and provide additional staff training to prevent future occurrences. For best practices, see payment processing security and fraud prevention.

Disclaimer: This article is based exclusively on publicly available information. The tools referenced have not been independently tested by us. Should you identify any inaccuracies or wish to provide recommendations, we invite you to contact us.