Fraud is on the rise and attacks made by cybercriminals are becoming more sophisticated. Basic identity proofing is no longer effective, so it’s time for turning the clunky process into a smart, multilayered approach to fraud prevention.
A growing number of e-commerce businesses and payment solutions have also opened opportunities for innovations that make online consumers life easier. Not to mention business advantages for online stores and a new way to monetize their services.
The importance of top-level security in online payments, advanced customer authentication and thoughts on the future of payments are just some of the things discussed lately by SecurionPay. Read on to learn about the details.
The transaction could be canceled due to various reasons and these are, for instance, a technical issue at the issuing bank or a customer with insufficient funds on their card. See the most common card decline codes and ways to resolve them.
Friendly fraud — the term that sounds scary for online retailers. It shouldn’t be surprising, as behind these two words there’s a genuine customer that disputes a transaction. Sounds tricky, wouldn’t you say? How is it possible to decide whether it’s made by a loyal customer or a fraudster?
Chargebacks are one of these things that merchants try to avoid at all cost, as they can cause massive losses in revenue. In the following, you can find a list of mistakes that merchants make most often and good practices that can be implemented right away.
When you look for a payment gateway for your website, prepare for the compliance process to make it quick and smooth. Wondering what you can do? In today’s video, we are going to describe how to optimize your website to make it fully compliant.
Well-prepared transaction descriptors help your customers identify the purchase and may reduce the number of chargebacks. As you can guess, it’s important for your online business to know the topic, so this is why we are going to discuss transaction descriptors today. Ready?
Picture this: You’ve chosen a payment provider a few years ago, went through a complicated compliance and long, painful integration processes and decided you’ll never do this again. What if I tell you that switching a payment gateway could be the best thing that could happen to your company?
Choosing a transaction descriptor is critical for running a successful business. The main reason? It can save you money and reduce the number of chargebacks.