In 2018, the highly anticipated “True Cost of Fraud Study for the Retail Sector by LexisNexis® Risk Solutions, was released, revealing the true challenges that fraud is posing for retailers nationwide. Some of the fastest growing incidents of fraud keep stemming from card-not-present and mCommerce fraud. The 2018 study also demonstrated that losses due to fraud were up 6% from...
One of the best ways to ensure your business maintains an advantage over its competitors is to offer as many payment processing options as possible, including echeck payments. However, this is not always an easy task for some merchants. Those considered high risk struggle to secure payment processing in general; banks and traditional financial institutions are simply too wary of...
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...
“Don’t let the fear of losing be greater than the excitement of winning.” – Robert Kiyosaki PayPal, Visa/MasterCard, JPMorgan Chase, and Square have systematically stayed away from businesses or customers who are involved in the adult industry. What has changed in the industry? Denied Or Closed Accounts According to a federal appeals court, forcing MasterCard and Visa to stop their...
