Open Banking: How Merchants Benefit
As the card payment industry and merchants prepare for Secure Cardholder Authentication as part of Payment Services Directive 2 (PSD2), another part of the PSD2 regulation is starting …
Best Practices for Avoiding Common Chargebacks
Whenever a customer disputes a charge or claims a fraudulent transaction, the credit card provider demands the retailer make good on that loss. This is called a chargeback. Chargebacks were …
How does eCommerce work?
Nowadays, buying online is made simple with the use of virtual shopping carts. If you’re a small business owner who wants to start selling online, you may be asking yourself …
Don’t Let EMV Chargebacks Cut into Your Wallet
Is EMV important? Why do we need it now? Protecting yourself against counterfeit fraud is one of the main benefits to implement EMV because it’s virtually impossible to recreate …
What Banks Can Learn from Amazon: How the E-Commerce Giant Will Change Consumers’ Banking Relationships
What do Amazon and banks have in common? More than you may think. Amazon has changed the face of retailing in recent years. Now it appears to have the power …
Chargebacks Why They Happen, How to Prevent Them
The benefits of accepting credit cards are many. Among other things, accepting cards can help legitimize your business, boost sales and encourage impulse buying, as consumers find credit cards a convenient, advantageous …
Is Cash Dead?
There’s a popular perception that cash is on its way out. In fact, some restaurants—like the chain, Sweetgreen, for example—have been attracting media coverage because they no longer take cash and as …
Why Good Record Keeping is Essential to Your Business
While the way we do business has transformed over the years, one thing has stayed the same: good businesses have good accounting. One of the main reasons why any business …
10 Tips to Prevent Disputes
A purchase may not go as planned. You may not know if you should issue a refund or fight a chargeback. There are three types of fraud in the world …
VISA Claims Resolution (VCR) Summary
Visa recently announced that they will be revising their chargeback/dispute process. Visa Claims Resolution (VCR) is a new global program that will be implemented in April 2018, in an effort …