Data has become one of the most valuable commodities on the market today (and the dark web), even more than the value of oil. Not just for insights into consumers for marketing means, but for cyber criminals too. The sheer value of a company’s data makes unsecured data the most sought after commodity for cyber […]
As a business owner, one of the first things to take into consideration when it comes to conducting daily business is what type of POS system should be invested in to manage the business, if any at all. But maybe what you should be considering is a system that is not just a POS but […]
Will mobile payments and pay-at-the-table options help restaurants finally step up and become EMV compliant? EMV is a global standard. The U.S. has lagged behind most other countries only implementing EMV compliant payment technology since 2015, while the technology has enjoyed widespread adoption across the pond since the early 1990’s. With the roll out of […]
Predictable Income and e-Commerce Subscriptions Within a very recent past there has been a time where consumers possessed a sort of unsavory perception of being involved in a recurring billing situation. They viewed it as somehow getting ”sucked in”. Like that protein powder that keeps showing up even though you haven’t even used the last […]
Historically, the U.S. has lagged behind European countries’ adoption of more secure payment technology. We have only recently integrated into EMV compliance, years after countries like Europe, the UK, and Poland. Our adoption of “tap to pay”, or contactless, payments is no different. Outside of the U.S., however, many of our surrounding countries are already […]
Most businesses and business owners know that a high chargeback ratio will hurt your business. But what they may not realize is that more than 80% of claims filed for a chargeback are attributed to “friendly fraud”. In other words, only about 20% of chargebacks claimed are due to actual theft and use of stolen […]
As a business owner accepting payments you have probably heard the term “chargeback ratio” and may even be aware of what it means for your business. IF you happen to be operating in the Ecommerce realm you are most likely highly aware of the dreaded chargeback and the ramifications a high ratio can have on […]
When it comes to chargebacks, Visa is letting merchants know: clean house by Oct 1st, or else. Visa and MasterCard both set thresholds for the number of chargebacks and fraudulent incidences they will allow a business to have before action must be taken. Now they are tightening the noose, so to speak, on just how […]
And What Do They Do For Me Anyway? As a merchant have you ever wondered how credit card processing really works? Probably not. But, what you probably have wondered at least once in your life as a business owner is why you have to pay so much, or why it is hard to get approved […]
The short answer is yes. However, nothing is 100% effective. Biometrics is just one layer but combined with multiple layers of authentication it has the potential to seriously up the game. Anytime you make it more difficult for an online fraudster to bypass a certain authentication you make it difficult for them to achieve success. […]