Due to the increased possibilities for identity theft and different kinds of frauds connected with credit cards, a decade ago Visa and MasterCard proposed a mechanism for increased data security for the credit card providers, merchants, banks and other financial institutions. The proposal led to developing quality PCI compliance security standards.
There are several things you need to do before you start accepting payments on your website, and one of them is signing a contract with the acquirer. But what exactly is an acquirer, and why do you need one?
If you run an online business, you definitely know it’s not easy to sell something, especially when you’re just starting out. Finding customers, getting them buy your product and driving them through the payment process (with the risk of suddenly losing your customer) could be painful. Continue reading to see how to improve your checkout page usability to make your
Online businesses that process e-payments need to pay attention to fraudulent activities and keep an eye on their potential financial losses. How can blacklisting help you protect your customers and keep your business away from fraudsters?
No matter what type of business you’re in, payment processing with recurring payments (with all its advantages) can boost your sales. You can use it with all kinds of subscriptions and minimize your customer’s effort, because they don’t need to do anything. It’s up to you how the payment will be processed.
The mobile payment revolution is coming fast, and it is likely that all payment will become mobile in the nearest future. With that in mind, now is the best time to think about the comfort of your customers and give them what they really need and are looking for – the ability to pay online with any device.
The billing cycle is any kind of month to month record in the timeframe between billings. A billing cycle may begin on the first day of the month and end on the 30th day of the month. On the other hand, it might go from the fifteenth of one month to the fifteenth of the following. Billing cycles are differing
Address Verification Service, also known as AVS, is a security measure that is used to prevent fraudulent transactions on any debit or credit card.
3D Secure (3-domain structure), also known as a payer authentication, is a security protocol that helps to prevent fraud in online credit and debit card transactions. This additional security was initiated and created by Visa and MasterCard and it’s branded as ‘Verified by Visa’ and ‘MasterCard SecureCode’ respectively.
Fintech is one of those industries where the customer’s trust and your credibility are extremely important. This should be an obvious fact, considering you need to keep their data safe. You can build up to this position using marketing tools and tricks.