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 many businesses for the better in terms of efficiency is the current integration...
Payment integration saves time, decreases human error, and increases cash flow. For small businesses, the ability to accept credit cards is a fundamentally important decision. By only accepting cash as a form of payment, you will be missing out on a large portion of sales. In fact, in a 2016 consumer payment study conducted by TSYS, found that only...
You need a dependable high risk merchant account provider for your nutraceutical merchant account. The global dietary supplements industry was estimated at $123.28 billion in 2019, according to Grand View Research. The main drivers of this growing demand include increasing health concerns as well as changes in dietary lifestyles. The demand for dietary supplements is also fueled by the growing...
High risk merchant accounts and providers could face scrutiny amidst new FDIC inquiry. As an explosion of payment technologies continue to impact the way consumers make transactions, fintech companies have now found themselves in a “regulatory gray area”. Critical questions about compliance and protecting consumers have come to fore, as regulatory bodies such as the Federal Deposit Insurance Corporation (FDIC)...
Merchants should consider chargeback insurance to protect themselves from online fraud. With the COVID-19 pandemic sweeping the country and the world, consumers are now looking online for goods, services, and entertainment. This sudden change in consumer purchasing behavior has great implications for eCommerce businesses. On one hand, eCommerce businesses have seen an explosion of sales. ACI Worldwide’s research has found...
The CCPA will bring frustration, penalization, and litigation for ill-prepared businesses. On January 1, 2020, The California Consumer Privacy Act (CCPA) took effect, granting California consumers a slew of rights to privacy, including all digital data. It is likened to the EU’s General Data Protection Regulation or (GDPR) that was enforced back in May 2018. The law outlines the following...
AI has received a lot of notoriety as the ultimate solution for fraud prevention. Artificial Intelligence or (AI) has been a topic of much discussion in recent years. Many merchants falsely believe that it’s the “new kid on the block” of payment fraud solutions. This could not be further from the truth. In fact, FICO has been steeped in this...
Protect your business by keeping your chargeback rates below the maximum standard rate. As an online business processing credit card payments, you will encounter a myriad of challenges. One of the more formidable opponents to your bottom line, without question, is chargebacks. A chargeback typically takes place when a credit or debit card issuer reverses a payment back to the...
According to a new report in the “Restaurant Digital Crossroads: The Race to Meet Guest Expectations”, ease in payments and ordering are what diners want most. The younger generations are the driving force behind this growing trend. Hassle-free ordering and payment are especially important to young consumers between 18 and 37 years old. To be exact, 75 percent of them...
Payday loan merchants are classified as high risk and need to find a reputable payment processor to apply for credit card processing. Thankfully, emerchantbroker.com (EMB), #1 high risk processor in the US that boasts an A+ rating with the BBB, offers exceptional payment processing solutions for high risk businesses, including payday lending ones. Payday Loan Merchant Account from EMB Emerchantbroker.com...
