With the onset of the COVID-19 pandemic, businesses worldwide have suffered shutdowns, and with that, loss of revenue. However, those businesses that have either already had an existing online store or quickly pivoted and opened up one, are clearly the ones surviving the economic downturn. Businesses that are more likely to be impacted, regardless of cataclysmic world events are the...
The Covid-19 outbreak has ushered in a dramatic surge in digital forms of payment. This is great news for e-Commerce businesses. However, along with the dramatic boost in online sales, there is also an equally dramatic boost in cases of fraud to contend with. The sudden acceleration in fraud was fueled by the fear and uncertainty that millions around the...
By 2025, it is predicted that instant payments will make up 17% ($18 trillion worth) of B2B and consumer digital money transfers. According to Juniper Research, there is growing interest in instant payments. Instant payments are transactions that are completed in less than ten seconds and in real time. A vast difference from typically slower bank transfers. As it stands,...
Real-time payment (RTP) transaction volumes in Malaysia accounted for 7.1 million in 2019. To get more information about the rise of this type of transactions and know who can help you with an exceptional travel merchant account, look no further. Real-Time Payments & Travel Merchant Account Real-time payments play a vital role in growing your business. Based on a recent...
In Asia, there’s an unprecedented rise in digital payments. Such growth provides the region with a unique opportunity to develop payment systems based on blockchain technology. If you’re interested in more details concerning the digital payments growth in the region and want to find an exceptional payment processor to work with, you’re at the right place. Digital Payments Growth in...
It’s dangerous to pay a deaf ear to fraud and new safety techniques if you run a business prone to payment fraud. Merchants want as much protection as possible— and adding an extra layer of protection can further reinforce your multilayer strategy. Velocity checks, for instance, are an important way to deal with fraudulent purchase attempts in your eCommerce website....
It’s safe to say the supplement industry is booming. In fact, it just surpassed $120B and is projected to reach $230.7 billion by 2027, according to a new report by Grand View Research Inc. The main drivers of this massive growth are the ever-increasing global obesity rate and the considerable rise of fitness centers and gymnasiums – a growing health...
Amid the COVID-19 pandemic, China has been struggling with mounting credit card debt. Regulators have once again turned their attention to an illegal operation consisting of third party payment companies that allow both businesses and individuals to access credit card advances at lower than normal costs. They enable this by allowing merchants to falsify these transactions as fake credit card...
5G is developed to make a real revolution. This refers to both how people make purchases, pay, use financial services, and not only. Due to 5G, retailers dealing with merchant payment processing can expect more advanced technology solutions offered by high risk merchant account providers. This means increased speed and security associated with transaction processing. Let’s move forward to reveal...
Dear Merchants and Friends of EMB: The COVID-19 pandemic has certainly turned our worlds upside down as we have faced disruptions in our work and our everyday life. Unfortunately, there is no foreseeable end to this human and economic tragedy as we grapple with enforced social distancing, loss of jobs, and of course, fear of contracting the virus itself. As...
