Payment security for your customers is one of the most critical pieces of being a business owner. Offering a secure platform on which your customers can pay for goods and services should be a top priority at all times. Whether your business is online or brick-and-mortar, there are a series
ACH fees are a normal part of payment processing for businesses. If you have a payment processor for your business, you’ve likely heard this terminology before. The fees for ACH processing appear on your monthly account statement but can be
Credit card fraud is the unauthorized attainment and use of an individual’s credit card information. It is the most prevalent form of identity theft in the United States. Over 40% of identity theft in the U.S. is credit card fraud.
As a business owner, you probably make virtual or digital payments regularly. You pay vendors, utility bills, rent payments, etc. There are several different types of virtual payment options, and one of the is the EFT. For merchants unsure what
Online banking and shopping have become the norm for many people across the globe. As eCommerce continues to grow, businesses are looking for better ways to serve their customers that are safe and simple. Implementing an ePayment system in your
Chargeback fraud is a common term in payment processing. It happens frequently and continues to grow as eCommerce expands. As a business owner, it’s important to understand what it is and how to fight back. This article will discuss all
Many financial institutions offer provisional credit reversals to their customers as a good-faith gesture during an investigation. They are typically provided immediately during a transaction dispute and can be permanent or temporary. Below is information regarding provisional credit reversals, including
E-commerce fraud prevention is a series of preventive measures implemented to protect consumer data while making online purchases. It is a multi-faceted approach to protecting consumers and businesses from would-be criminals. Online businesses face thousands of monthly attacks that put
Identifying a credit card and the issuing bank is a key necessity for most businesses. When processing transactions or reconciling batches, there is often a need to understand where the transactions are coming from. This guide examine Bank Identification Numbers
There is a specific time limit in which chargebacks must be filed and handled. For cardholders, the law requires that they receive a minimum of 60 days to file a chargeback dispute on a transaction. Banks and merchants, on the
Most people have been in contact with some sort of digital payment during their life. The most familiar for many people is the direct deposit of your paycheck into your bank account. If you are a business owner, you may
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