CNP Fraud Prevention Checklist for Businesses
Card-not-present (CNP) fraud is a growing concern for businesses, especially as online transactions become more common. This type of fraud, where stolen credit card details are used without the physical card, has led to billions in losses globally. In 2023 alone, U.S. businesses faced $9.49 billion in CNP fraud losses, with projections showing this figure […]
Device Fingerprinting in E-commerce Fraud Prevention
E-commerce fraud is expensive, growing, and complex – but device fingerprinting offers a powerful way to fight back. By identifying devices based on their unique configurations and behaviors, merchants can detect fraud more accurately and reduce risks like chargebacks and account takeovers. Key Highlights: Fraud Detection Accuracy: Device fingerprinting identifies returning users with 99.5% accuracy […]
Ultimate Guide to Chargeback Evidence Submission
Ultimate Guide to Chargeback Evidence Submission Chargebacks happen when a customer disputes a card transaction, forcing the bank to reverse the payment. As a merchant, you must provide evidence to prove the transaction was legitimate. Without the right documentation, you risk losing money and damaging your business reputation. Key Points to Get Started: Common Causes […]
What Is Dynamic Currency Conversion?
Dynamic Currency Conversion (DCC) is a service that lets you pay in your home currency when using a foreign card abroad or online. Here’s how it works and why it matters: How It Works: When you use your card, you’re given two options – pay in the local currency or your home currency. The system […]
What Is Risk Scoring in Payment Processing?
Risk scoring in payment processing is a system that assigns a numerical value to transactions to assess their likelihood of fraud. It helps businesses decide whether to approve, review, or decline transactions in real time. Here’s what you need to know: What it does: Detects fraud by analyzing data like IP addresses, geolocation, and customer […]
7 Types of Payment Processing Methods
Did you know? Offering diverse payment methods can boost your business revenue by up to 30%, while nearly half of customers will leave if their preferred option isn’t available. Payment processing is essential for smooth, secure transactions, and in today’s cashless world, businesses need to adapt. Here’s a quick overview of the 7 payment processing […]
Ultimate Guide to E-commerce Fraud Detection
E-commerce fraud is a growing threat, costing businesses $48 billion in 2023 alone. It impacts merchants and customers through identity theft, account takeovers, chargebacks, and more. Here’s what you need to know: Top Fraud Types: Synthetic identity fraud, account takeovers (ATOs), and chargeback/refund fraud. Key Stats: 74% of payment card fraud is card-not-present; 1 in […]
How Payment Analytics Improves Business Decisions
Payment analytics helps businesses make smarter decisions by turning transaction data into actionable insights. It can reduce payment failures, detect fraud, cut processing fees, and improve customer experiences. Here’s what you need to know: Key Metrics to Track: Monitor authorization rates (aim for over 90%), payment failure rates (keep below 5%), and chargeback rates (target […]
How to Add Digital Wallets to E-commerce Sites
Digital wallets like Apple Pay, Google Pay, and PayPal are now essential for e-commerce. With over 52.5% of global e-commerce transactions in 2025 expected to use digital wallets, integrating them can boost sales, improve security, and meet customer demands. Here’s a quick overview of how to get started: Why Add Digital Wallets? Increase Sales: Digital […]
How Payment-Enabled Fitness Trackers Work
Payment-enabled fitness trackers let you track your health and make secure, contactless payments – all from your wrist. Here’s how they work: NFC Technology: These devices use NFC (Near Field Communication) to connect with payment terminals for seamless transactions. Security Features: Payments are encrypted and protected with tokenization and biometric authentication (like fingerprints or facial […]
