Today, running an online business is a natural part of retailers world, and there are many resources mentioning eCommerce with all its attributes. But do you know what does exactly eCommerce mean?
An e-payment system is a way of making transactions or paying for goods and services through an electronic medium, without the use of checks or cash. It’s also called an electronic payment system or online payment system. Read on to learn more.
Every business owner who sells products or services needs to know what is a risk management in payments. And there’s even more: they need to understand the risk.
3D Secure helps to prevent fraud in online credit and debit card transactions. And that’s the main advantage of this solution. What about the other benefits?
The issuing bank, as the term goes, is a bank that issues credit and debit cards to consumers. Typically, these are major commercial banks. However, what’s the role of an issuing bank in the payment process and what are its responsibilities?
One of the major problems for the online merchants and companies that accept credit card payments is the possibility for the cardholder to try disputing the claim. In that case, the bank of your company will notify you about that and you will be billed a fee for the chargeback. Is it possible to prevent chargebacks?
Payment fraud is a term that scares every ecommerce business owner. There is nothing to be surprised about, fraud can be very costly, and it comes with your money as well as with your credibility and customer’s trust. Read the post to see the meaning of payment fraud.
SSL (secure socket layer) certificates are very important in today’s world of online business, so any website that wants to accept online payments must implement this concept. Continue reading to see why SSL really matters.