An Encryption Upgrade Could Upend Online Payments. AT THE END of June, digital credit card transactions are getting a mandatory encryption upgrade. It's good news—but not if you have an old device, or depend on a retailer that hasn't completed the transition. When data moves from one device to...
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Why Payment Processors Suspend Their Legitimate-but-High Risk Merchants. It's difficult enough running a business online without having to worry about your payment processor. For most, it's a given that you can simply set up PayPal or Stripe and things will run smoothly. For others, however, it's...
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Online Fraud Soared 30% In 2017, Double The Rate Of E-commerce Sales. According to U.S. Census Bureau data, eCommerce sales climbed to a record high of $453.5 billion in 2017, representing a 16% increase over the previous year. However, recent Experian reports revealed that online shopping fraud...
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Airlines to Test Consumer Payments That Bypass Credit Cards for Direct Sales. Some airlines will test letting ticket buyers on their websites have an optional new way of paying that avoids the need for credit and debit cards. The world’s top airline lobbying group, the International Air Transport...
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Retailers see increased declines in counterfeit fraud. Visa has released US EMV migration data for September 2017 — figures that are an important industry benchmark because Visa is the largest card network by volume in the US. In just under two years after the EMV liability shift...
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6 Easy Ways to Protect Your Debit Card From Skimmers. You've no doubt heard news reports about debit card skimmers being found at certain retail or banking establishments. Card skimmers can be installed at ATMs, restaurants, gas payment terminals, and even store check-out lines. The phony...
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The pros and cons of mobile payments. Mobile payments are advertised as a quick and convenient way to pay for anything. Just tap your smartphone to the payment terminal and — like magic — your credit card is charged for your purchase. It really couldn't be...
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Card shimming is the new way to prey on your identity. Card skimming involves a device that is attached to the outside of the card reader that reads the magnetic stripe on credit cards. Card skimmers are bulky and easy to spot. Card shimming, on the...
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Why retailers lacking EMV chip readers years after deadline. As many as one-third of small retailers are not using chip-reading credit and debit card machines, more than two-and-a-half years after they were told to swap out traditional credit card machines. The major credit card companies previously announced that any retailer,...
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How to improve your chances of securing business funding. The number of small businesses looking for finance is on the rise. The latest SME Finance Monitor found the proportion of SMEs planning to apply for finance increased from 10 per cent in the first quarter to...
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