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, […]
An Inside Look at the Credit Card CVV and How It Protects Against Fraud
Preventing fraud is a priority for merchants and customers alike. When a customer pays using a credit or debit card, procedures are in place to ensure the transaction is not fraudulent. The card itself has multiple features built into its design. Recognizing and understanding these features allow merchants to identify fake credit cards. One of […]
Why the Same Transaction is Successfully Processed By One Provider, But Not Another
Let’s take a typical scenario. A customer from Brazil tries to buy a product from an Africa-based tourism website. The transaction is declined. Then, he tries to buy the same product from another Africa-based tourism website, and the transaction is successfully processed. What causes the transaction to be successful on one website but not another? […]
Why Shop Owners Should Use an All-In-One Payment Solution
Currently, many shop owners are relying on more than one way to accept and process payments. A common scenario that might be familiar is the use of mobile phone apps and SMS to collect online payments and a separate mPOS device to swipe credit cards. In addition to those, using QR codes for payments usually […]
The Payments Landscape in Tanzania
Tanzania’s commercial banking landscape is highly regulated, however, recent years have seen improvements in efficiencies and the implementation of internationally accepted protocols. While it has only been 15 years since the automation of the Bank of Tanzania’s Electronic Clearing House, additional technologies have since been implemented which have increased processing times and changed the payments […]
How Low-cost Carriers in Africa are Helping More People Fly
Africa has lagged behind other continents in airline travel. Different factors can be to blame for this isolation, such as tedious government agreements necessary to create direct routes, illogical routing causing long flights, and costly airfare. The main contributing factor to the low volume of air travel adoption in Africa though, was the fact that […]
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 […]