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 …

Written by Guest Writer: Lindsey Patterson   With eCommerce expanding and nearly every consumer checking a search engine for products and services first, your business needs a secure way to accept and protect customer online credit card payments. A breach in this information security can cost your customers thousands and possibly force you to close …

In the modern age, security is a huge worry. With the advancement of technology, there are always ways for hackers to access information or resources. Because of this, new methods like 2-step verification, also known as two-factor authentication are created and imposed to add a layer of security to our accounts.   Multi-Factor Authentication Multi-factor …

With many businesses going cashless, it is vital to understand the payment methods available to you. When paying at your local store or restaurant, you can use your debit card chip or a credit card. These ensure that you do not have to carry a large amount of money even when making large purchases. There …

While accepting online payments provides users with loads of convenience, they can also be the source of many disputes. No matter which industry you are in, implementing steps for business fraud protection is a must. Fortunately, many steps could help you guard your payments and protect your business from fraud.  Instead of utilizing just one …

A chargeback is when there is a credit reversal from a credit card payment. This problem usually happens when a cardholder questions the authenticity of a billed transaction and asks the bank to reverse it. The bank can then withhold the funds and decide the next steps to refund the transaction if they decide the …

Every e-commerce merchant today should have a refund policy. Having a clearly defined refund policy shows your customers that you stand behind the products or services that you provide. If you’re a new e-commerce merchant, you might be wondering why you need a refund policy and where you can find examples. Keep reading to learn …

Digital commerce is exploding right now as consumers continue to use mobile devices to do their online shopping. With more options than ever when it comes to ways to pay and the need to verify transactions and prevent fraud from occurring. It’s more important now  that businesses find new ways to do that so their …