Category: Fraud Prevention

B2B Merchant Account Service
Featured Article B2B Merchant Account Service

Selling to businesses (or governments) is a different proposition than selling to consumers because the value of the average sale is so much higher — often in the tens of thousands and potentially ranging up into the millions. In the B2B world, security is at an even higher premium than normal, and cost management is […]

Top E-Commerce Fraud Prevention Tools in 2021 Top E-Commerce Fraud Prevention Tools in 2021
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The coronavirus pandemic that rocked the world in 2020 saw people flock to the web for everything from entertainment to education to work to shopping, and beyond. But with that surge in web traffic came a surge in cyberattacks and ecommerce fraud. With payment fraud losses already set to reach $6.4 billion in 2021 prior […]

E-commerce Fraud Prevention Tips E-commerce Fraud Prevention Tips – 5 Ways to Reduce Your Exposure to Fraud and Data Theft
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Fraud is expensive. Not only does it have the potential to rob your ecommerce store of revenue and inventory, but, if left unchecked, it can also put you in the doghouse with card issuers and payment processors, driving up your fees as well. That makes combating fraud an important part of your online business strategy. […]

Webinar Replay: How to STOP Losing Money on Every Sale  WITHOUT Spending a Penny to Make it Happen Webinar Replay: How to STOP Losing Money on Every Sale WITHOUT Spending a Penny to Make it Happen
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Learn how to lower your credit card processing fees and save money.

Ecommerce Account Should Your Business Have an Ecommerce Account?
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In 2018, almost 5,900 brick and mortar retail locations closed. 2019 has seen another 6,000 go the way of the dodo, and by 2026, as many as 75,000 stores will shut their doors permanently. The reality is, brick and mortar stores are expensive – far more expensive than their web-based eCommerce counterparts. As a result, […]

Chargeback Prevention Part Two: Is an Ounce of Chargeback Prevention Worth A Pound of Cure?
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In part one of this two-part series, we looked at some of the technology-based solutions merchants have available to them to catch fraud early on and stop it before it can result in chargebacks and lost revenues. In part two, we’ll look at the other side of the coin – legitimate chargebacks filed by customers […]

Chargeback Prevention Part One: Is an Ounce of Chargeback Prevention Worth A Pound of Cure?
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A seller receives an order and delivers on their end of the bargain flawlessly, only to later find that the money they earned has been clawed back due to a chargeback. This is an all too common scenario, especially in commerce online where purchases are made without any physical, real-world interaction between customer and merchant. […]

Chargebacks for Business How Problematic Are Chargebacks for Business Owners?
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Chargebacks are a reality of accepting credit card payments. While many chargebacks are requested for valid reasons, there are plenty of cases in which disputes are initiated despite the merchant holding up every aspect of their end of the bargain. Unfortunately, many merchants don’t really understand the dispute process, how to handle a chargeback, or […]

Merchant Services What Visa and MC Updated Dispute and Fraud Monitoring Programs Mean For You
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For obvious reasons, the major credit card companies take fraud and excessive chargebacks very seriously, and companies like Visa and Mastercard have put forward thorough monitoring and tracking systems to try to prevent the losses associated with them. In October 2019, both companies made changes to their chargeback and fraud defense programs, and it’s important […]

PCI Are You Doing the Right PCI Self-Assessment Questionnaire?
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Part of establishing PCI compliance and maintaining it year in and year out is filling out an annual PCI self-assessment questionnaire (SAQ). These questionnaires are designed to accomplish two goals: to help businesses identify weaknesses that need to be dealt with and to help prove to institutions that a company is compliant. But not all […]

Safe eCommerce Transactions 6 Ways to Keep Your eCommerce Transactions Safe
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E-commerce transactions are all about trust. Customers need to feel 100% confident that their personal information and payment details are stored and transmitted with total security, or they simply won’t make a purchase. When breaches do happen, the damage – both financially and psychologically – can be immense, and as a result, businesses simply can’t […]

PCI Compliance PCI Compliance and The Potentially High Costs of a Breach
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Let’s talk about PCI Compliance. In the summer of 2019, it came out that Capital One – a credit card issuer themselves – fell victim to a hack that exposed the data of 100 million cardholders and applicants. That might seem extreme, but it’s only the latest in a series of high-profile security breaches that […]

Authorize.Net Direct Post Security Upgrade Authorize.Net Direct Post Security Upgrade: Updating MD5 to SHA-512
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Authorize.Net – the most popular payment gateway service provider in the world – is in the process of making a big change to how it verifies transactions, and that change impacts the business of every single one of their Direct Post users. The company is phasing out MD5-based hashing and switching to SHA-512 signature key […]

All About Next-Day Funding Merchant Account Services What Tools Does BAMS Offer for Offline and Online Merchants?
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BAMS is the industry leader in payment processing, trusted by thousands of merchants across the globe. That success is due to our full suite of features designed to help businesses like yours accept electronic payments with less fuss, and lower fees. BAMS has been designed from the ground up to provide all of the functionality […]

Chargeback Protection How Your Business Can Protect Itself Against Chargebacks
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Chargebacks are an unfortunate reality of accepting credit card payments, but they aren’t something businesses have to lie down and accept without a fight. Some chargebacks are completely legitimate, like cases where a purchase was made fraudulently by a third party. But many chargebacks are fraudulent, frivolous, or abuses of the system. In those cases, […]

Merchant TurboApp – IRIS CRM’s Merchant-Boarding Secret Weapon
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All BAMS business owners receive full access to IRIS CRM, one of the most powerful customer resource management platforms currently available on the market. IRIS CRM provides a full suite of tools that enable companies to manage all aspects of their operations, from communications to leads and prospecting, to sales, to payments, and beyond. One […]

Level 3 Credit Card What Is Level 3 Credit Card Processing And How Can It Help Your Business?
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The average person doesn’t consider the VISA or Mastercard in their pocket to be any different from a company or government credit card – aside from the limit, of course. But there are actually significant differences in how corporate and government cards are used and processed. Those differences mean that not all merchants can accept […]

Myths or Facts Four Common Payment Processing Myths You Can’t Afford To Continue Believing
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Plastic is now the preferred payment method of choice for consumers across the globe, and accepting card payments is no longer an option for serious businesses. Unfortunately, a number of myths surrounding payment processing still muddy the waters and keep some businesses from taking the leap. Those myths are generally rooted in old information from […]

Chargeback Defense Why Chargeback Defense Is Important?
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There are only so many parts of running a business that you can prepare for. Like many aspects of life, it’s difficult to truly understand what it takes to be a successful business owner until you’re in the thick of it. For example, one thing that no one tells you about starting a business is […]