Easy online payments and cross-border ecommerce have enabled businesses to reach out to many more customers, however, with cross-border commerce also comes the risk of fraud and managing complex international compliance regulatory standards. Our expert writers discuss the best practices in articles exploring topics from chargeback fraud to global compliance so that you can safely do business.
Many shops offer contactless payments, and customers are quickly responding to this new trend. Given that contactless payments are fast and easy, the increased speed of payment has benefits for both the consumer and retailer, which is fuelling the rise…
Understanding PCI compliance is essential for any business that accepts card payments, but what is PCI Compliance? PCI DSS (Payment Card Industry Data Security Standard) is a set of standards established by the PCI Security Standards Council with the aim…
Learn how secure online payment processing protects your customers and business from risk and fraud. Fraudsters are on the lookout for vulnerabilities they can use to access systems and steal data. Yet shoppers still need to be able to complete…
ISO 20022 explained: What is ISO 20222 and why does it matter? ISO 20022 is becoming the global common standard for data-rich financial messaging. Over the next few years, it will become the financial messaging standard for banks and the…
Your guide to understanding what is chargeback fraud – and why you need to protect your business. A chargeback happens when a purchase is reversed, and a consumer gets their money back because of a dispute initiated with their card…
Here’s how to choose the best fraud management software for your company. There’s a reason companies are seeking out the best fraud management systems right now. 2020 saw a massive increase in year-over-year ecommerce sales worldwide. According to an analysis…
Understand the Biggest Threats and Strategies to Protect your Business from Fraud in 2022. Companies and consumers are increasingly moving online and adapting how we work, make purchases and even socialize. Unfortunately, fraudsters are successfully taking advantage of our ever…
Merchants Need to Prioritize International eCommerce Fraud Protection Overall retail fraud attempts have more than tripled since 2017. With the rise in international commerce, merchants are increasingly selling cross-border, which brings lucrative sales opportunities, but also increases their exposure to…
Protect Your Business While Providing a Great Experience for Customers Worldwide After having more than doubled from 2011 to 2018, global card fraud losses are projected to reach over $40 billion by 2027. (Nilson) Fraud management is a crucial part…
Far More than a Security Measure, Tokenization Opens the Door to Unique, Speedy and Hassle-Free Checkout Experiences Security isn’t the only benefit of tokenization. This technology also provides a way to improve customer experiences and power omnichannel payment innovations that…
Here's Your Easy-to-Understand Guide to Using and Implementing 3D Secure 3D Secure is an advanced authentication layer. It stops the unauthorized use of cards and protects and minimizes the fraud risk for eCommerce merchants and issuers. 3DS allows for card…
Understanding PCI compliance is essential for any business that accepts card payments, but what is PCI Compliance? PCI DSS (Payment Card Industry Data Security Standard) is a set of standards established by the PCI Security Standards Council with the aim…
Secure Payment Processes: The Cornerstone to Protecting Valuable Business and Customer Data As the number of transactions, customers and payment methods used online and in-store increases, merchants need to protect their businesses and their customers with secure payment processing. Cybercriminals…
Understand and Simplify Payment Compliance to Protect Your Business and Customers With the surge in global eCommerce, it's more imperative than ever for online businesses to protect their revenue, reputation and customers. It's important to understand payment processing compliance, but…
Payment fraud is a global problem. In Europe's single Euro payments area (SEPA), annual losses owing to card fraud are approaching €2 billion. Across the Atlantic, the United States' Federal Trade Commission says it collected 1.4 billion fraud reports in…
Regulators around the world are leaving no stone unturned in a renewed effort to ensure anyone doing business across borders abides by Know Your Customer (KYC) guidelines, forcing merchants and payment facilitators to absorb the costs of more detailed customer…
Strong customer authentication (SCA) Strong customer authentication (SCA) is a requirement of the EU Revised Directive on Payment Services (PSD2) on payment service providers within the European Economic Area. The SCA will take effect on 14 September 2019 and require…
Designed to improve fraud prevention Coming into force on the 14th September 2019, the Strong Customer Authentication (SCA) rules, part of the second Payment Service Directive (PSD2), are designed to improve fraud prevention methods and make online card payments safer for customers…
P2PE (Point to Point encryption) is a secure way to process POS payments. The moment the card is swiped, the P2PE system converts information into a code that’s unreadable to the observer. This means the business taking the payment never…