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 — […]
How Your eCommerce Business Can Start Accepting Online Payments Easily
As we have mentioned in recent blog posts, online payments are a necessity for any business looking to grow. Online payments increase your customer base, as they allow you to accept a variety of payment methods and multiple currencies, enabling you can reach customers from across the globe, as well as from within your borders. […]
Why You Should Move from Cash-On-Delivery to Online Payments
In the not-so-distant past, cash-on-delivery was the only viable payment option for e-commerce companies in Africa. But this payment method is far from ideal, and poses quite a few problems, hindering the growth and profitability of online businesses. The solution is to use online payment methods, so your customers can pay online for products in order […]
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 […]
4 Best Practices for Securing a Payment Page and Protecting Customer Privacy
With online sales expected to grow to more than $400 billion within the next two years, you need to make sure that you accept online payments via a payment page that is totally secure and protects customer privacy. Ecommerce allows you to be present 24 hours a day, every day of the year, so […]