The Future of 3-D Secure and Ecommerce

  Designed to add additional layers of security for online credit and debit card transactions, 3-D Secure has proven to be extremely useful in thwarting potential fraud. 3-D has been adopted by credit card giants Visa (Verified by Visa), MasterCard (MasterCard SecureCode), and American Express (American Express SafeKey) among others and the software technology behind 3-D is constantly improving. Case […]

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Trust Rising Among Mobile Wallet Users

  It’s no secret that the digital payments industry is growing. Along with it, the use of mobile wallets is rapidly growing as well. While this type of payment method is convenient for both consumers and merchants, much of the increased usage of digital wallets is due to improved security measures which has created higher levels of trust among users […]

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Consumer Financing Options Help SMBs Compete

  The ability for small to mid-sized businesses to offer financing to its customers can’t be understated. With impressive percentages like the 77% of consumers saying the availability of financing drove their choice of retailer. That means while visiting a merchant’s shop, on-the-spot decisions are being made based on financing options. And then there’s the topic of spending totals — […]

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False Declines Hurt Card Issuers, Too

  In 2015, an estimated $40 billion in total was lost globally due to fraud. Of that, $18 billion were losses associated with false declines, as Card Not Present reported a couple of days ago. Perhaps even more interesting was the fact that it was a 29% increase from the year before. As National Merchants reported in a December 2016 […]

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Survey: Consumers Dictating Payment Methods For Merchants

  “Cash, check or charge.” It used to be that the owner of an establishment was the one who decided how their goods or services would be paid for during a transaction. Their word was final and it was based on which method the merchant was most comfortable with. According to a recent survey by ControlScan and the Electronic Transactions […]

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