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How to Prevent Credit Card Fraud
Credit card fraud is on the rise around the world. Fraud-related losses from all card types — credit, debit and prepaid cards — reached $21.84 billion in 2015. Most losses occur via counterfeit cards used at ATMs or point of sale terminals. Fortunately, federal law...
State Of The Credit Card Processing Industry for 2017
Despite the rapidly evolving payment options that consumers have today, credit cards still remain the leading payment method. In fact, according to the 2016 U.S. Consumer Payment Study, this was the first time that “credit took over the top spot as the overall...
Mobile Order and Pay Apps Require Extensive Store Testing
Mobile order and pay apps have become wildly popular with consumers, however cafes and restaurants offering them are the ones that may be having heartburn. As the following article relates, these customer time-saving apps require heavy testing by the stores to ensure...
Should PCI Compliance Keep You Up At Night?
Why should PCI compliance and security be a top priority? Despite the ongoing advances in point-of-sale systems and technologies, data breaches remain a very real threat to the average small and medium sized business (SMB). That’s because SMB owners often place their...
How Using Merchant Services Can Help Improve Collections
Prompt and efficient collection of accounts receivable is critical to maintaining strong cash flow and a healthy business. But this can be challenging for smaller firms that do business on open account terms. In fact, accounts receivable typically represent more than...
EMVCo Reports 6.1 Billion EMV Chip Payment Cards in Global Circulation
Latest figures highlight progression of EMV chip card issuance and increase in EMV chip-based transaction volumes to more than half of all card-present payments WASHINGTON, D.C. (June 4, 2017) — Official figures of aggregated data published by technical body EMVCo...
How New Payment Services are Changing Ecommerce
Ecommerce is growing. Global ecommerce was worth $1.9 trillion in 2016 sustaining double-digit gains year-on-year. Many tech companies are now capitalizing on growth by providing merchant services to ecommerce businesses. Among these services, it’s payments that have...
4 Benefits To Offering Customers Gift Cards
Although the need for working capital remains the lifeblood of any small business, many customers prefer to conduct business with gift cards. A company that offers a large spectrum of goods and services for their customers can make shopping for a gift an overwhelming...
Online Fraud Falls 34.7 Percent
The good news? Fraudsters have at long last lost some ground. The bad news? They’re far from down for the count. The May 2017 edition of the Global Fraud Index™, a PYMNTS and Signifyd collaboration, reveals that although merchants have landed some jabs in the fight...
Understanding PCI Compliance
What is PCI Compliance? Payment Card Industry Data Security Standard (PCI DSS) is the set of rules established by the Payment Card Industry to protect cardholder information. The requirements ensure that companies with a Merchant ID (MID) store, transmit and track...