Many businesses, especially smaller companies, don’t think much about credit and debit card fraud. But oversights and not using proper anti-fraud tools can add up to expensive mistakes. Taking precautions can help minimize your risk. Fraud Prevention for Business Debit and Credit Card Fraud: The Consequences Preventing Card Fraud Types of Debit and Credit Card […]
Taking credit cards is necessary these days. So is protecting your business from potential fraud those cards can bring.
Riskified is a software-as-a-service company that offers chargeback prevention and fraud management for mid-market and enterprise level businesses, specifically online retailers. The company boasts clients such as Aldo, Skullcandy, Burlington Coat Factory, Mattel, Swarovski, Prada, and more. With fraudsters increasingly turning to the internet as a result of increased in-person security due to chip cards, […]
Credit card processing companies offer basic anti-fraud tools and chargeback management, but dedicated solutions can provide greater protection for online sellers. Enter Riskified.
OmniShield Assure is a PCI and security program. The company says that the main benefits are improved security and reduced financial risk. If you’re paying for the program, you’ll probably see it on your statement among other monthly fees. Note: OmniShield Assure was originally created by Vantiv, which was purchased by Worldpay. Then Worldpay was […]
If you’re a business using Vantiv (acquired by Worldpay and then by FIS), you may be wondering about a fee for OmniShield Assure on your bill.
Available from American Express, SafeKey provides an addition layer of protection for online transactions made with an American Express card. What is American Express SafeKey? SafeKey 2.0 How it Works Benefits of Implementing SafeKey Does it cost money to use American Express SafeKey? How to Implement SafeKey Taking American Express What is American Express SafeKey? […]
The major card brands offer advanced anti-fraud tools for businesses willing to use them, and SafeKey is one such tool.
It’s a huge opportunity to beat sales forecasts, but fraud can quickly eat into the revenues generated. Data breaches are on the rise, and, while you see the increased holiday traffic as a way to be nice to customers, hackers see it as an opportunity to be naughty. Protecting customer information and securing financial transactions […]
The holiday season brings an increase in customer traffic and purchases. More than 164 million consumers planned to shop on Thanksgiving weekend alone, according to the National Retail Federation, while a Deloitte survey found 51% of that spending will be done online.
There are several good techniques for fighting fraud, including biometrics and multi-factor authentication, but alone, they aren’t enough. Instead, payment providers and the card networks need to dig into the vast amount of payment information that’s produced every day to find patterns that indicate likely fraudulent activities. They can then use this data to find […]
Fraud remains a thorn in the side of businesses, credit card processors, and customers. In fact, credit card fraud created losses in the billions every year.
Credit and debit card fraud cause losses in the billions. Anything that can reduce the impact of fraud will significantly improve confidence throughout the payments marketplace and save businesses money. One potential way to fight fraud is through the use of biometrics — your uniquely identifying personal features like fingerprints, voice, face, or eyes. Let’s […]
One of the main issues in the payments industry is how to combat fraud. Although fraud impacts less than 1% of all transactions by some estimates, it’s still a major concern for consumers, banks, card networks, and businesses.
These days everything is digital. When was the last time you saw someone using a manual credit card imprinter? Whether you accept payments from chip credit cards or Apple Pay, the risks (and regulations) remain essentially the same. Hackers and thieves don’t care if you’re a one-man weekend operation or a major corporation. If you […]
Business is different than it was even a decade ago. Data breaches and other advanced cybersecurity threats make PCI compliance and payment security a necessity for even hobby businesses.
Use the secrets that credit card processors don't want you to know to drastically lower your credit card processing fees.
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