The 4 major factors in preventing business fraud
Business fraud is often hidden from plain sight. But the longer it goes on, the more damage it will do. Here are four important factors that will help you prevent and uncover business fraud. Transaction processing systems: Review fraud settings Most modern payment systems offer fraud protection. Either built-in or through a second- or […]
Payments in a Pandemic
Biggest Issues Merchants Are Still Facing as the Pandemic Continues On Who knew this would be how 2020 played out? It is cliché now to say that we did not see the tumultuous effect that COVID-19 would have on the world when the year began. Even in March when things were locked down, no one […]
Understanding Fraud
Understand How Fraud Is Occurring in Your Business Here are 4 simple steps to review in your business to discover how fraud is finding its way into your systems. Review current fraud settings in payment platforms Do you have systems optimized to alert you when something is potentially fraudulent. For example, are your reading the […]
Conducting An Audit of Your Payment Systems
Taking payments always seems like it would be straight forward and easy. You have a product and your customer hands over cash for that product. That should be the end. More than half of sales have payments in the form of a credit or debit card. Those are digital transfers of money. As you may […]
3 Steps to Finding the Right Merchant Processing Account
Your incoming payments are your biggest asset (hopefully) and most payments today come in by credit card. Over 50% of payments received were by credit and debit card, according 2019 data report from the Federal Reserve Bank of San Francisco. Smart business owners know the 3 steps to finding the right merchant account and making […]
Top 4 Challenges Today’s Business Owners Face
Conducting business through a pandemic will have some definite repercussions. Do you know what challenges to address, especially ones that can cost you your bottom line? challenges that business owners today will face These have been identified as the top four challenges that business owners today will face. Increased disputes Increased fraud attempts Lost sales […]
5 Tips on How to Spot Credit Card Fraud
If you are taking payments card-not-present transactions in your business, either over the phone or through your online shopping cart, you have likely experience credit card fraud. Over 80% of fraud happen in card-not-present situations. In some business models, this is the only way to take payments, so how do you protect yourself? As a […]
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 […]
10 Tips for Data Security in Your Business
The business landscape has changed dramatically over the last few weeks. More and more businesses are moving to online formats, even if just temporarily. This will bring more fraud. When you are a business owner, the buck stops with you. It is your responsibility to protect our customer’s data as well as our own system’s […]
PCI Compliance – How Is Your Business at Risk?
Most business owners have heard that PCI Compliance is important. They know they may pay a fee if compliance is not completed annually. But, do you know what is really at stake? It is cardholder data (credit card data) that is at stake. Not just your customers data, but your data as well. Just as […]
