American Express Security and Fraud Prevention Strategies
Preventing fraud is an important step towards safeguarding your business and protecting customer information. Many major card providers utilize a range of security features and fraud prevention strategies to ensure merchants and customers are protected. American Express is one such provider. There are a variety of American Express security and fraud prevention strategies. When accepting […]
Visa Security Features and Fraud Prevention Strategies
Like every major credit card company, Visa takes fraud prevention very seriously. Using a selection of sophisticated card security features and an array of fraud prevention strategies, they enable merchants to accept card payments with a minimized risk of fraud. Physical features of Visa credit and debit cards Visa security features has a first line […]
MasterCard Security Features and Fraud Prevention Strategies
When customers pay by credit or debit card, there’s always a risk of fraud. However, card providers such as MasterCard implement a wide range of features to ensure the highest level of security possible– preventing fraudulent transactions and ensuring that you, the merchant, can recognize a fraudulent card. If you’re accepting a MasterCard card payment, […]
Top 5 Challenges in Online Payments and How to Overcome Them
Online merchants and consumers alike expect online buying and selling to be easy, efficient, and safe. eCommerce transactions trigger complex automated processes that involve downstream players: banks and payment processors to name just two. In addition, technological advances in smartphones and e-wallets, shifting purchase patterns, and demand for cross-border, multi-currency electronic payments have fueled PSP […]
How Merchants Can Identify Fake Credit Cards
When credit card data is stolen, it is often used to create fake credit cards. This data is originally stolen from POSs and ATMs, and then sold online to criminals. These criminals can choose to purchase a local credit card number, paying for it by prepaid gift card, bitcoin, or wire transfer. Then, they can […]
4 Security Best Practices for eCommerce Sites
Retail ecommerce sales were valued at over $5 trillion in 2016, and projected to reach over $8 trillion in 2020, according to a 2016 Juniper Research study. With the rise in ecommerce, however, comes an increase in fraud attempts. Juniper found that in 2015, 1 out of every 67 transactions was a fraudulent attempt — […]
P2PE for Merchants
Security is a top priority for merchants. Maintaining high levels of security is essential for avoiding fraud and keeping cardholder data secure. Evidence that you are meeting high security standards boosts customer confidence, increasing your sales and keeping customers loyal to your brand. P2PE is one effective security solution that is used to keep cardholder […]
The 3 Most Common Types of Chargebacks and How You Can Prevent Them
According to the LexisNexis 2016 True Cost of Fraud study, online merchants report that 49% of fraud-related revenue loss is a direct result of chargebacks. By beginning to understand online fraud and why chargebacks occur, you can take steps to keep them from happening, which will save you time and money. But before we tell […]
Why Direct Pay Online is the Ultimate Payment Service Provider for Hotels
The global hotel and resort industry generates $864 billion in annual revenues from its over 700,000 hospitality businesses, according to a 2016 report by Ibis World. The industry is highly competitive with players vying for higher market shares and increased profits. Direct Pay Online (DPO), a leading payment service provider (PSP) in the travel and […]
How Olympic Champions Would Mitigate the Risks of Online Fraud
I am an Olympic enthusiast. Every four years, I get eager, excited, emotional, and enthusiastic cheering on my nation and my favorite athletes. I love the sportsmanship, the camaraderie, the adrenaline rush, and the sense of national pride. David Rudisha, Jemima Jelagat Sumgong, and Faith Chepngetich Kipyegon: our runners make me proud and having watched […]