Contactless payment is preferred by consumers worldwide, according to Mastercard study. Mastercard held a consumer poll where consumer behaviors in 19 countries around the world were studied and found the adoption of contactless payments surging. During the months of February and March, prohibitions were enforced worldwide such as social distancing. This ushered in a significant shift that a considerable number...

Payment processing integration will save you time, money, and scales back human error.  The payment industry has been evolving at a rapid pace in just the last few years. So much so, that small businesses and merchants have had difficulty staying current with all of the payment industry’s best practices and standards.  The newest standard that is certain to impact...

The financial industry braces itself for bad apples taking advantage of pandemic for their own gain. The Financial Crimes Enforcement Network or (FinCEN) has released an important advisory to warn all financial institutions of the surge in medical scams that have cropped up since the COVID-19 pandemic. The advisory gives specific details related to case studies, medical scams, red flags,...

Fraud protection enables you to be on the winning end of an ongoing battle. In 2018, the highly anticipated “True Cost of Fraud Study for the Retail Sector by LexisNexis® Risk Solutions, was released, revealing the true challenges that fraud is posing for retailers nationwide.  Some of the fastest growing incidents of fraud keep stemming from card-not-present and mCommerce fraud....

Making purchases online is not something consumers give much thought to these days. It has become such a natural, everyday thing. Even so, much goes into the online shopping and checkout experience. As a merchant, you know just how much time and thought goes into creating a positive, seamless customer experience, none of which would be possible without payment gateway...

Since the COVID-19 lockdowns began, shopping habits have changed dramatically. Consumers are turning to online shops to purchase everyday items like groceries, medications and other basic supplies that people would normally purchase at their local, physical store. The uncertainty around the situation has also led to panic buying and larger volume purchases than previously seen before the pandemic. This has...

High risk businesses usually come with a higher price. Is your business classified as high risk? As you may have already encountered, traditional merchant account providers generally do not offer merchant accounts to high risk businesses. The cost of obtaining a merchant account is generally based on multiple components. It depends on the type of business it is, the method...

Payment gateways allow merchants to deal with all financial transactions online. Payment gateways are a valuable tool that process both debit and credit cards online and in offline stores. Sensitive card information is securely sent between mobile devices/ websites and banks/payment processors.  Integrating a payment gateway into your website can ensure that your customers experience a seamless and safe transaction....

So much has changed in such a short time. Just a few months ago, everything was business as usual. Today, the operations of businesses across all industries is dramatically different. As the COVID-19 pandemic has swept the nation, the daily lives of people have been altered and the workplace and business itself has shifted. Without a doubt, the pandemic has...

One of the best ways to ensure your business maintains an advantage over its competitors is to offer as many payment processing options as possible, including echeck payments. However, this is not always an easy task for some merchants. Those considered high risk struggle to secure payment processing in general; banks and traditional financial institutions are simply too wary of...