Credit Card Payment Processing: What It is & How It Works
It is becoming increasingly important for high-risk merchants to provide their customers with payment methods they prefer. To offer various payment options, it’s essential to have knowledge about credit card payment processing, online payments, and mobile payment options. With the rise of digital payment methods, businesses need to adapt and embrace these changes to remain […]
Visa Regulations 2023: More Transparent Payment Processing
Visa card payments just got stronger. Incorporation of new regulations for Visa has made the payment processing more transparent. Additionally, Visa intends to make free trials more accessible. Also, the cancellation process is now as easy as sending out a text. Therefore, all the new rules will make the transactions more accountable and make lives […]
What is a MOTO payment?
Payment mechanisms are getting easier. Mail Order/Telephone Order (MOTO) is making lives even easier. It’s an easy transaction solution for merchants and even for buyers. So, why has MOTO already not taken over? MOTO payments have their own story of becoming popular and being resisted from being the next big thing. Although, there is no […]
What is my Credit Card Security Code (CSC)? Where do I find it?
Like a card number, a card security code (CSC) is an essential feature to guard online transactions. Moreover, it helps to boost purchasing by increasing the safety and confidence of consumers. As for the merchants, CSC is a useful option to prevent fraud and chargebacks. We’ve conducted a guideline where you can find all the […]
Pros and Cons of A Cashless Society
Cashless society- the name describes it all. A cashless society describes a range where financial transactions are not conducted with money. Not in the exact form of physical banknotes or coins. Rather through the transfer of digital information between the transacting parties. Therefore, cashless society opens up endless opportunity for merchants like you. Especially, ones who thrive to grow their business. […]
What are alternative payment methods and why do they matter?
Alternative payment methods, an efficient payment method for your customers. Making payments with credit cards may not always be the easiest way out. Especially, with the e-commerce industry growing. The payment methods need to be as swift as ordering products. Therefore alternative payment methods can be a true solution. Also, the benefits of it are […]
What Is Mail Order Telephone Order (MOTO) Fraud?
The “moto” of the MOTO fraud are not so wise. Like any other financial fraud, this can bring you tons of hassles. Occasionally, this may even lead to financial loss. Nevertheless, this is true for both the merchant and the buyer. Hence, it surely is a matter of concern. What is Mail Order Telephone Order (MOTO)? […]
How to Prevent Fraudulent Account Takeovers?
Facing fraudulent account takeovers can be the most troublesome problem of your financial management. Fake mobile app fraud tripled in first half of 2019. You can be a direct victim of the threat. Even worse, if your merchant account is overtaken by an unwanted party. Also, it can be a hassle if a fraud uses […]
What is Visa Merchant Purchase Inquiry Program (VMPI)?
VMPI- Visa Merchant Purchase Inquiry, will make business smoother and faster. How? VMPI makes sure that disputes are settled before facing a chargeback. Hence, payments received through Visa card as now less troubling. Also, this is part of the new regulations by Visa which helps make your business transactions more transparent. Therefore, your relations with […]
