10 Tips Merchants Should Use to Void Credit Card Chargebacks

Chargebacks occur when a customer files a dispute with his/her bank regarding a credit/debit card transaction. The problem arises when the merchant doesn’t participate in the dispute process or is informed too late. In 58% of all instances, merchant are never notified of the pending dispute, which makes them helpless and unable to defend themselves

Fraudsters Adopt New Tricks, ID Fraud Soars to All Time High

As fraudsters find new ways to imitate their victims, ID fraud soars to record levels. It would seem these criminals are applying for fake policies to build on the profiles of their victims. Fraud prevention service, Cifas, revealed that identity theft reached an all-time high during the first six months of 2017. According to their

5 Ways Small Business Owners Can Fight Chargebacks

Since banks have automated the chargeback dispute process, consumers will now find it very easy to file credit card charges. Currently, customers can file disputes by only a few clicks through the mobile banking apps in their Smartphones. And while consumers are happy about it, what does this mean for small business owners? A chargeback

Affected By The Equifax Hack? How to Find Out

The Equifax breach occurred between mid-May and July, according to Equifax. The company discovered the hack on July 29. This is one of the worst data breaches ever, by its reach and by the kind of information exposed to the public. Equifax Data Breach Equifax reported that 143 million people could be victimized by a

Card-Not-Present (CNP) Fraud Is on the Rise

Card-not-present (CNP) fraud is growing as cyber thieves are becoming more skillful at using both technology and stolen payment card data to defraud retailers all over the world. Card-Not-Present (CNP) Fraud According to Research and Markets, the world’s leading market research store, e-commerce merchants, particularly in the US, are dealing with rapid online sales growth.

Three Common Challenges That e-commerce Merchants Face and Their Solutions

Preventing Chargebacks Going by recent records, the e-commerce industry is on a steady growth path. Last year, the U.S. Department of Commerce reported a 14.5 percent growth in online retail sales, which amounted to more than $340 billion. That said, even a thriving industry has pain points. If you’re new to the e-commerce game, knowing

How To Protect Your Online Business From Chargebacks

If your enterprise receives more than a few credit card orders in a day, you’ve probably had one or two unpleasant experiences regarding chargebacks. For those unaware, a chargeback results in a customer reversing a previously completed sale and gets their money back. Introduced as a means to protect buyers from unscrupulous merchants, chargebacks allow