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15 02, 2019

Card Not Present Transactions

By |2019-02-08T17:59:26+00:00February 15th, 2019|Card Not Present, Chargeback Prevention, eCommerce, Fraud Prevention|

In the past, if a customer did not have a physical debit or credit card on them, it would be nearly impossible to make a purchase. Not in today’s world. A customer can complete a purchase today without being physically present. This type of payment option is called a card-not-present (CNP) transaction. This type of transaction occurs when either the cardholder is not present or the credit card is [...]

13 02, 2019

Credit Card Chargeback Resolutions

By |2019-02-13T14:53:58+00:00February 13th, 2019|blogs, Credit Card Payment Processing, Fraud Prevention, Online Payment Processing|

Visa Claims Resolution Small and large business owners take note: In April of 2017, Visa launched Visa Claims Resolution (VCR), a new global dispute process for credit card chargebacks. With this process, Visa’s objective is to reduce timelines and bring simplification to the chargeback dispute process. The previous system was a litigation-based model, whereas the new process is based on a liability assignment model. Visa made this change because [...]

8 02, 2019

Wells Fargo System Outage

By |2019-02-13T23:03:34+00:00February 8th, 2019|Chargeback Prevention, chargebacks, eCommerce, merchant processing, News, Wells Fargo, Wells Fargo System Shutdown|

As of February 8, 2019, the Wells Fargo mobile has been experiencing difficulties in operation. From the Wells Fargo Twitter: “We’re experiencing system issues due to a power shutdown at one of our facilities, initiated after smoke was detected following routine maintenance. We’re working to restore services as soon as possible. We apologize for the inconvenience. We want our customers to know that this is a contained issue affecting [...]

25 01, 2019

High Risk Businesses

By |2019-01-25T18:36:45+00:00January 25th, 2019|blogs, CBD Merchant Processing, chargebacks, eCommerce, Fraud Prevention, High Risk Business|

A business is considered high-risk when it meets one of two conditions. The first is that it operates in an industry that is considered high-risk, or prone to health concerns or controversial practices. These types of businesses include software, health and wellness, travel and hospitality, legal services, financial services, gambling, anything adult-oriented, tobacco, and eCommerce. This is not a complete list, but it gives you an idea about what [...]

1 01, 2019

Preventing Credit Card Fraud

By |2019-02-13T23:17:37+00:00January 1st, 2019|blogs, CBD Merchant Processing, Chargeback Prevention, chargebacks, eCommerce, Fraud Prevention|

Credit card fraud is no joke; according to Forbes, merchants in the United States are losing approximately $190 billion a year to credit card fraud. Customers of banks lose around $4.8 billion, with banks themselves losing an additional $11 billion. The scale of this problem is massive, with credit card losses equivalent to the total annual energy spending in the USA (which is about $140 billion). This is the [...]