Scams targeting businesses are nothing new. But the cost of their impact is something to take note of. According to a 2024 survey, around 90% of U.S. firms lose up to 9% of revenue to various kinds of fraud each year.  Among the common types of threats plaguing the business community is payment fraud. This …

Bank robbers are no longer on horses with bandanas hiding their identity. They are behind laptops thousands of miles away from the organizations they steal from, unseen and hard to trace.  Today, financial theft happens when hackers find security vulnerabilities in systems they use to steal millions in traditional or crypto currencies. The good news …

Introduction: The Growing Threat of Payment Fraud Did you know that global eCommerce losses due to payment fraud are projected to exceed $48 billion by 2025? Fraudsters are becoming more sophisticated, targeting businesses of all sizes with new tactics. As digital payment methods continue to evolve, so do the threats that accompany them. Small businesses …

Many industries that regularly handle sensitive client information have strict regulations to keep that data secure. Insurance, banking, and medical fields must use specific types of software and programs and aren’t allowed to share information with third parties. This doesn’t mean other industries shouldn’t protect their client’s data, though. Those industries that sell directly to …

This article will review the requirements a payment processor needs to meet for your business to sell effectively on eBay UK. These requirements include processing foreign payments, security, integrations, and allowing different payment methods. Finally, this article will review several other payment processors that can fulfill the needs of your business.  Ecommerce Payment Processing Requirements …

Merchants love predictability. Knowing what to expect from the market allows for solid planning and reliable, stable growth. Of course, predictability isn’t something we’ve been able to enjoy that much lately. Regarding payments technology in 2022, you could say “inconsistency” is the key word. Others might say “confusion,” but it could be considered a matter …

As manual transactions are slowly being replaced by card-not-present transactions, chargebacks are becoming an inevitable part of personal transactions. Therefore, the need to resolve disputes between merchants and customers is more important than ever. Follow along to learn about chargebacks and why they are the primary tool banks are using to resolve payment disputes.  What …

A chargeback is a refund processed by a card issuer for a customer who has disputed a transaction on their credit or debit card statement. How does a Chargeback Work? If a cardholder contacts their issuer to dispute a transaction, the issuer will initiate a chargeback against the merchant. The issuer will then reverse the …

Whether you’re shopping online or depositing a check with your phone, financial transactions are something many people now consistently do over the internet. But there are some safety concerns that come with that convenience. Here are a few tips for ensuring your financial transactions are as secure as possible. Defend Your Devices By far the …

Understanding what’s a voided check and the value it offers is important. When a check is void, it doesn’t offer any monetary value. Instead, it offers value in the form of verification. This type of item validates a person or business has a legitimate bank account through a real bank. The reason it is requested …