Chargebacks: Understanding Them and How to Avoid Them
Chargebacks have become a significant concern for businesses that operate in the online world. They can occur when a customer disputes a transaction and demands a refund from their bank or credit card company. Chargebacks can be damaging for businesses as they not only lead to lost revenue but also to additional fees and fines. […]
What is Two-Factor Authentication or 2FA
Two-factor Authentication (2FA) is the simplest, most effective way to ensure users are who they say they are. It has become the safest way to use modern security to protect our customers and provide a seamless, trusted digital payment experience. You may be wondering, why aren’t regular passwords enough? With the continuous development of our […]
How To Minimize Credit Card Fraud – For Business Owners
When the big shift happened in the world of payments, from cash and checks to credit and debit cards, suddenly new possibilities became available: ordering online, making fast and easy transactions with a swipe, recovering funds if a card was lost or stolen (unlike cash, which would be gone forever if it disappeared), and, unfortunately, […]
Fraud Prevention Best Practices in the Holiday Shopping Season
The holiday season is nearly here, a fact made abundantly clear by the crowds in the shopping malls, and announcements of special sales and promotions from online retailers. The holidays, of course, present opportunities for connection with family and friends, and time off to (theoretically) relax and settle in to the new year. But this […]
A Merchant’s Guide to Credit Card Failure Codes
Transactions can be declined for a number of different reasons. Click here to discover what the various credit card failure codes mean.
False Declines – All you need to know to protect your revenue
Online payments have been on a steady rise for some time now, enabling businesses to extend their reach and grow their customer base. Having a web store and accepting payments online means merchants have more potential than ever to connect with customers around the world, increasing their revenues significantly. However, with the advent of online […]
Study Summary: Global Airline Online Fraud Management
Airlines and Fraud Airlines have long ago digitized their booking business, allowing travelers to search and secure seats on flights directly, or through third party booking agencies. But it’s not only ticketing that has gone digital – services such as airline check-in, inflight activities, and loyalty programs are all now offered through kiosks and customer […]
GDPR and the Importance of Compliance
What is the GDPR? Implemented on May 25, 2018, the General Data Protection Regulation (GDPR) is an EU law designed to provide additional protection for personal data, regulate how companies use collected data, and users’ right to privacy. The GDPR applies to all personal data that is handled within the borders of the EU – […]
The Most Important Payment Processing Features for Restaurants
Service experience is crucial to customer satisfaction, and the easiest way to make customers happy (except for serving delicious food of course) is by choosing the right forms of payment processing for your restaurant. Customers are paying with a variety of methods these days and are looking not only for a restaurant that accepts credit […]
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 […]