What is Card-Not-Present fraud? The growing problem of card-not-present fraud harms both online consumers and online merchants. This type of fraud occurs in fraudulent transactions where a cardholder does not present a card to a merchant in person. Instead it is being used on the internet, phone and mail-order transactions. Usually in most cases, this...
These days consumers are a bit shy when it comes to shopping in physical stores particularly when it comes to checking out at the point of sale and having to share a touchpad with every other shopper that’s been in use all day is well known a little over a half-year into the pandemic. Recent...
As a merchant, you might already be aware of your risk exposure when you accept credit card payments, and hopefully, you’re taking the necessary precautions to alleviate that risk. It can be helpful to understand the different kinds of risks that each entity in a given credit card transaction is exposed to. The credit card...
If your business accepts credit cards, then there may be a time when you have a customer use a credit card that is not rightfully theirs. When customers commit fraud, then your business is exposed to the risk of chargebacks to recoup the lost funds for the customer who was victimized by fraud. By knowing...
