Knowledge Category: Fraud Prevention

How to Prevent Online Payment Fraud

Online payment fraud has become an increasingly prevalent threat to individuals and businesses alike. North America being the largest target that’s expected to account for over 42% of global online payment frauds this year. Scammers are now using various types of online payment fraud tactics to try and steal from consumers and businesses.
Luckily, there are some tips and tools that you can use to safeguard your personal and financial information. From password management to two-factor authentication, it’s important to have the knowledge and resources needed to stay ahead of cybercriminals. The ecommerce fraud detection and prevention market continues to grow and is said to reach $69 billion by 2025.

Chargeback Monitoring Program

Merchants are expected to keep disputes and fraud at acceptable levels. If your business receives excessive chargebacks, you could land on the chargeback monitoring program.

Mobile App Payment Gateway

Mobile app developers joining us today appreciate that there are many mobile app payment gateways to choose from, but might like to know what to consider when choosing one. Let’s walk through it together.

Friendly Fraud?

The friendly fraud problem continues to grow and merchants are especially vulnerable during the holidays. In some cases, it accounts for 35% of fraud loss!

Payment Aggregator

Online statistics firm Statista predicts that more than 100 million Americans will use peer-to-peer payments in 2020 due to the convenience and simplicity that payment aggregators offer. However, there’s more that you should know about how payment aggregators operate if you choose to put your faith in the hands of PayPal or Square when starting your business.