Mobile Payment Solutions
Do you feel like everything is changing at a speed that you cannot keep up? Are you having to change business practices to meet new customer needs? One big change that we are seeing is the need for flexible and mobile payment options. Some have moved to online payments with a curbside pick-up option (mostly […]
Use the Address Verification System (AVS) to Help Prevent Fraud
Payment systems have gotten much more complicated in the last 20 years. This will continue to happen as fraud prevention tools are becoming more sophisticated and complex. One fraud prevention tool that is important for all credit card transactions is AVS. AVS stands for Address Verification System. The card brands (Visa, MasterCard and Discover) require […]
5 Pitfalls to Avoid When Looking for Credit Card Processing
There are so many things to think about when owning a business. Payments are the most important part of a business and payment systems are often overlooked. Accepting payments is how your business will stay in business and should not be set up as if you are setting up a utility. Payments systems should be […]
What Is a High Risk Merchant Account? | EMSpayments
By Julie Franke, CPP Business owners are often surprised to hear that a High Risk Merchant account is required for certain types of businesses. Your processor will determine whether you fall into one of their high-risk categories when you apply for a merchant account. Either you are high-risk, or you are not – there is […]
Safe-T in Business – Deepening Data Safeguards
Whether businesses are prepared or not, data breaches happen. There were 1,080 breaches involving a total of 1.7 billion records exposed between January to October 2017. Regardless of size or transaction volume, any business that processes payments at a point of sale or online is at risk of a data breach. In fact, according to […]
How to Accept Credit Cards Online, In-Store or Anywhere
Choosing a company that helps you accept credit cards can be challenging, and there are several factors to consider before selecting a service. To find the most convenient and least expensive route between your customer’s credit card and your bank account, you want to look for low rates, few fees and month-to-month service contracts. First, […]
What Are Payment Gateways and Payment Processors?
Are you ready to start an online store? While it’s an important decision to make for your business, it can be challenging to determine which payment service is the best for your eCommerce business. To help you make that decision, this post will go through what payment gateways and payment processors are – as well […]
Four Tips to Prevent Ecommerce Credit Card Processing Fraud
Credit card fraud can cost small businesses as much as twice the original amount of the transaction because of lost merchandise, investigations and chargeback fees. Even when the fraud is uncovered, it’s a costly, frustrating and time-consuming situation for merchants, which is why it’s important to do what you can to protect your online business. […]
Essential Tools to Fighting Online Payment Fraud
Online fraud is a persistent, major threat to businesses globally. As e-commerce transactions grow exponentially, so has the prevalence of fraudulent dealings. According to a Juniper Research paper, online frauds incurred businesses US$25.6 billion in losses globally last year. It’s imperative for e-commerce businesses to secure their online businesses against such illegal activities: besides loss […]
4 Things Businesses Should Take More Seriously When Accepting Payment Online
Here are some stats that might surprise you. 85% of Malaysians seek out e-commerce services on a daily basis. More than 38.2 million online transactions were processed last year compared to 14.6 million transactions in 2015. Malaysia has the highest penetration of online shoppers in Southeast Asia (67%). It’s clear that e-commerce is a giant […]
