Taking credit card payments is the order of things when it comes to online customer-retailer relations. And to be able to accept cards, debit or credit, you must have access to a merchant account. Normal businesses will find many willing merchant account providers but those classified as high-risk for one reason or another must hassle hard or look in the...
For business owners, shifting to online platforms often comes with a host of risks no matter the industry you serve. Anyone can be a target! And now, new data from recent research by Iovation reveal that insurance is the next favorite e-commerce fraud target. Cybercriminals are increasingly eyeing firms that offer insurance services as web-based payments for the sector surge...
Chargebacks refer to when a customer disputes a transaction with a merchant, allowing them to receive their money back while keeping the product or services that they received. Oftentimes, the merchant isn’t even aware that a transaction is being disputed until after the funds are taken from their account. At this point, they have only two weeks in which to...
Account takeover cases in the UK are on the rise. An account takeover is a form of identity theft where criminals illegally access bank accounts, credit cards, or online e-commerce accounts with the use of bots or other techniques. Once they have access, they can illegally shop and carry out fraudulent transactions from the compromised accounts. During the first half...
Investigators and forensic experts have recently met in Spain during the Europol Training Course on Payment Card Fraud and Investigations. This article will tell you how fraud fighters are trying to make payments a better world to be in and will help you find a trustworthy processor to rely on. Fraud Fighters & International Law Enforcement Business costs associated with...
Fraud detection and prevention are among the top difficulties for both small and large companies. This is especially true of those involved in the payments industry. It’s a common knowledge that fraud results in negative outcomes for your organization’s bottom line, and causes damage to its reputation. So, how the latest fraud solutions, including those associated with artificial intelligence (AI),...
Equifax Inc. must pay victims of its breach in 2017 at least $575. Mostly, this must be done in the form of free credit monitoring. This was the very breach, because of which the sensitive data of about 150 million people was hacked. To know the latest developments concerning the Equifax breach and discover the right processor to accept payments...
Amazon has recently launched Transparency in Europe, India, and Canada to prevent counterfeit at scale. Besides, the eCommerce giant has also introduced the so-called Project Zero after the launch of Transparency. This article will tell you about these services and help you with secure merchant services. So, let’s move forward. Amazon Expands Transparency to Prevent Counterfeit Amazon knows extremely well...
Though most payments fraud is due to identity theft and organized crime in North America, the continent also sees a standout number of incidents due to terrorism as compared to other developed regions. According to the information-security firm Terbium Labs’ report, “The Next Generation of Criminal Financing: How Payment Fraud Funds Transnational Crime,” 8% of the 154 criminal cases in...
Maintaining any business is a bit of juggling act. Online merchants often face even greater challenges because they face more incidents of true fraud and friendly fraud. It is critical that ecommerce merchants keep fraud in check and factor in expenses for money lost on shipping, lost products, chargeback fees, and probable losses of merchant accounts. To stay in business,...
