Why Payment Processors Suspend Their Legitimate-but-High Risk Merchants

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 a struggle to stay in their good graces, and…

Details

Online Fraud Soared 30% In 2017, Double The Rate Of E-commerce Sales

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 rose 30% year over year, and 63% of businesses acknowledge they…

Details

Why retailers lacking EMV chip readers years after deadline

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, large or small, without EMV chip payment terminals after…

Details