The payments sector, especially merchant acquirers, are having to deal with higher risk. The COVID-19 pandemic has left an indelible mark on the health and financial well being of millions around the world. In the payments industry, merchant acquirers have certainly not been spared. The current crisis has brought an unprecedented amount of chargebacks. With the disastrous restrictions and regulations...
Payment gateways can manage many intricate functions in a matter of seconds. As more countries are preferring to go cashless, the preferred method of payment for most consumers is the use of both credit and debit cards. This option is fast, convenient, and more efficient than the use of cash. Although e-commerce has been on the rise in recent years,...
Payment gateways play a vital role in eCommerce. If you have an eCommerce site, the only way to make a profit is to take credit and debit card payments online. In order for that to work, you will need the help of a payment gateway. What Is A Payment Gateway? A payment gateway is essentially a service whose primary role...
A high-risk merchant account is an invaluable tool to bolster an online presence and win more customers. A high risk merchant account is a type of payment processing account that caters to businesses that are considered high risk by banks. What makes a business high risk is the tendency of experiencing chargebacks. As a result, these high risk businesses are...
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...
A payment gateway facilitates online payments between consumers and businesses. A payment gateway is a service provided for merchants that processes debit and credit card payments for both eCommerce websites and brick and mortar retail stores. Another way of looking at a payment gateway is to think about it as the equivalent to a cash register for a transaction made...
Interchange and fee changes are placed on hold to help the digital payments industry. Due to the massive disruptions of businesses caused by the COVID-19 pandemic, Visa made the announcement that they will delay the increase in credit card “swipe fees” until the following year, in April 2021. However, it will continue to move forward with its efforts to lower...
Merchant accounts face great vulnerability as fraudsters engage in ATO. A survey released by Riskified, a payments and fraud solutions provider, revealed an eye-opening revelation on the devastating effects of ATO’s or Account Takeover attacks on both customers and eCommerce business owners alike. An ATO occurs when a fraudster successfully gains access to a customer’s stored account information within an...
If you are looking for a comprehensive fraud solution, look no further than EMB. Credit card fraud continues to plague merchants and customers alike. As criminals are becoming more sophisticated and innovative with their tactics of stealing financial information for unauthorized transactions, more has to be done to thwart their efforts. With the introduction of EMV credit cards, brick and...
Recurring payments are beneficial and time efficient for both merchants and customers. Taking the center stage of the most popular and convenient business model today is the “subscription-based model.” If you are familiar with innovative streaming services such as Spotify, Amazon Prime, and Netflix, then you can see why this business model is taking the world by storm. It is...
