05|2023
As the digital world and technology advance, fraud and cybercrimes continue to evolve. In the US, 389,737 credit card fraud cases were reported in 2021, with losses totaling $181 million. Credit card information is also now more easily accessible thanks to sophisticated phishing scams and card skimming equipment; criminals no longer need access to the physical card… Read more »
01|2023
From online shopping to entertainment subscriptions, contactless payments have risen in popularity over the past several years. When the Covid-19 pandemic struck in 2020, it pushed businesses — big and small — to adopt contactless payments to cater to customer needs, and today, the shift only continues to grow. According to Grand View Research Inc. data, the… Read more »
08|2021
April 17, 2021 was the deadline for upgrading all payment terminals to accept EMV (chip payments) and magnetic stripes. After April 17, merchants will be held at higher liability for non-EMV compliance. EMV is the process of authentication for chip-based card-present transactions. Without EMV authentication, your business is at a much greater risk of fraud… Read more »
07|2021
Chargebacks are a merchant’s worst nightmare; they’re expensive, time-consuming and inevitable. So what can you do? It’s important to understand that there are various types of chargebacks, and knowing what type of chargebacks you’re getting will help to properly dispute them. True fraud chargebacks are initiated against fraudulent or improper charges that the customer should… Read more »
07|2021
With the increasing popularity of online sales, merchants are also seeing a rise in fraud. Carding, which is when fraudsters test stolen credit and debit cards, is particularly effective. For anyone using an online shopping cart for sales on their website or a payment link for their customers, the biggest question is how to avoid… Read more »
