According to the European Banking Authority (EBA), eCommerce merchants have received the deadline of December 31, 2020 to comply with strong customer authentication (SCA) protocols. The EBA is well aware that complete SCA migration requires a consistent approach, and that eCommerce merchants may not make the full transition by the date stated. SCA is not merely a description of authentication...
Ecommerce merchants are putting all their efforts to protect their business from fraudulent payment processing. Often, eCommerce companies try too hard because of fear of fraud, which results in false declines. The latter is also called false positives and happens when a legitimate transaction is turned down. False Declines False declines are turning into a greater threat than actual fraud....
Online commerce has been growing steadily in the past years. Ecommerce is providing major benefits and advantages for merchants. As for consumers, they get the opportunity to enjoy a high level of comfort when making purchases anytime, anywhere. Fraudsters and scammers also try to benefit from the situation and make more money. Chip-based EMV cards create more difficulty for fraudsters...
The Payment Card Industry Data Security Standard (PCI DSS) turned 10 years old in September 2016. It has introduced a new 3.2 version of the industry standard that should be used by businesses to protect payment data before, during and after purchase. Now, businesses should take into consideration a large list of new requirements and clarifications. These will be regarded...
Given mobile payments, the public attention has mainly been focused on POS solutions such as Apple Pay and Samsung Pay. However, Jane Cloninger, director and owner at Edgar, Dunn & Company, notes that most mobile advancements have been in the sphere of apps and mobile Web. During the 2016 CNP Expo, Leon Majors, founder and president of Phoenix Marketing International,...
Brexit’s impact on its broader economy began almost immediately. How the British decision might affect eCommerce sales in the UK is not clear yet. Views on Post-Brexit eCommerce in the UK According to Scurri, a software company automating online fulfillment, the hit by Brexit could be enormous. Scurri believes the 10% of UK eCommerce sales coming from other countries’ consumers...
Undoubtedly, Britain’s Brexit vote to leave the EU will have its impact on eCommerce. A logistics technology provider MetaPack based in London reports some views on the steps UK and EU leaders will take in this regard. The Future of Post-Brexit eCommerce According to MetaPack, there will be more place for growth. UK and EU leaders will begin negotiating new...
While much of the media’s talk of the 2015 Christmas and winter holiday shopping season consisted of the surge of e-commerce sales, they lacked mentioning m-commerce. M-commerce, or mobile commerce, is growing quickly, and with the lessened prices of smartphones, more consumers are likely to jump on this techie bandwagon. For customers and merchants alike, this change is quick and...
“Opportunities don’t happen. You create them.” – Chris Grosser The importance of a solid, reliable high-risk payment gateway is undeniable in the modern world of eCommerce. It’s of vital importance for merchants to be able to accept secure and affordable credit card payments. How Online Payments Work The moment a customer enters “Place Order” at the checkout of an eCcommerce...
