Nowadays, many company especially the merchants are suffering from credit card fraud. The cost of this fraud is felt by online merchants, who offer a product or service online. They have to take risk of losing the cost of the product sold, pay chargeback fees, and face the possibility of having their merchant account closed.
As a result, in my point of view, geographic information fraudlabs.com can help prevent fraud. With Geolocation, out-of-state checks are analyzed more closely. Besides, it can flag a mailed-in credit application if the listed address doesn't match the postmark. Geolocation technology provides the real-time e-commerce transaction for certain location which is known as high fraud spot.