Ecommerce merchants are putting all their efforts to protect their business from fraudulent payment processing. Often, eCommerce companies try too hard because of fear of fraud, which results in false declines. The latter is also called false positives and happens when a legitimate transaction is turned down. False Declines False declines are turning into a
It is estimated that eCommerce sales will reach over $400 billion in the upcoming years. According to Forrester Research, they will account for $414.0 billion in sales in 2018. eMarketer says the amount will reach $491.5 billion in 2018. BI Intelligence, Business Insider’s premium research service, expected US B2C eCommerce to make up $385 billion
In 2015, total card fraud taken globally reached $21.84, which is almost 21% higher than the numbers registered in 2014. This is according to The Nilson Report, the most respected newsletter covering the payment systems industry. The US losses associated with global card fraud made up 39% or $8.45 billion; spending volume accounted for only
Chargebacks can be described as disputes. Various issues can cause consumers to dispute the transaction. So a chargeback may be caused by a damaged product, or the customer may not have ordered the right thing based on the description of the product. Stolen cards and fraud can be another reason for a chargeback dispute. In
Often eCommerce merchants spend just a few minutes on online payment processing. They usually focus on the website’s design, without trying to create a web page that is easy to use. When choosing an online payments processing service, payment relationship can be built either with a payment gateway (directly) or via an ISO or Independent
Online commerce has been growing steadily in the past years. Ecommerce is providing major benefits and advantages for merchants. As for consumers, they get the opportunity to enjoy a high level of comfort when making purchases anytime, anywhere. Fraudsters and scammers also try to benefit from the situation and make more money. Chip-based EMV cards
The way people are making payments is changing drastically. Smartphones are being used for any formal and informal transactions. To make transactions easier to process, thousands of companies are working and competing each and every day. Payments Ecosystem Payment processing means transferring information from one party to another, and digital processing is beneficial for almost
The Payment Card Industry Data Security Standard (PCI DSS) turned 10 years old in September 2016. It has introduced a new 3.2 version of the industry standard that should be used by businesses to protect payment data before, during and after purchase. Now, businesses should take into consideration a large list of new requirements and
Selling on eBay is great, but one of the biggest issues comes from accepting payments. While some of us can get away with using PayPal for a few purchases a year, others cannot. If you sell as a professional on eBay, you should consider an eBay merchant account – that doesn’t involve PayPal at all.
New to the mobile payment world is the Ingenico ROAM suite of mobile applications. These include ROAMpay and ROAMbuy, which help sales agents, mobile workforce professionals, and merchants reach and service consumers on their own mobile phones. This is great, right? Of course! What better way to get new customers but through a mobile app.