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

Card Testing Merchants, Chargebacks and False Positives

Card testing occurs in those cases when a fraudster uses a merchant’s website to “test” stolen credit card information to figure out whether the card is valid. Fraudsters can buy lists of credit card numbers online on the “Dark Web” without paying much money for them. The problem is that often they don’t know if

Visa and Mastercard | Reciprocal Tokenization

Visa and MasterCard are teaming up to make electronic payments safer. More than 6 months ago, Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Reciprocal Tokenization Agreement  MasterCard and Visa released a statement, according to which the reciprocal tokenization agreement allows Visa to request tokenized MasterCard payment credentials from MasterCard