Six Ways to Fight Fraud on Valentine’s Day – And Beyond

Valentine’s Day Might be over but you should still read this article about how to fight fraud online.

Valentine’s Day Might be over but you should still read this article about how to fight fraud online. Love and fraud are a match made in cyber-heaven, and they both persist year-round. Love may make the world go ’round but there’s nothing “friendly” about friendly fraud. Online merchants see it all the time – from customers who simply missed the mark at playing Cupid, or fraudsters seizing yet another opportunity to cash in – and the bottom line can really take a hit. Don’t let chargebacks break your heart; be sure you’re properly prepared to prevent and deal with costly chargebacks.

Secure Processing Solutions: Payments Data Security Best Practices

Retail ecommerce grew to a healthy $409.208 billion in 2017, but that growth came at a price: 16.7 million reported victims of fraud in 2017 (6.64 percent of the US population). Unfortunately, this doesn’t come as much of a surprise. With both increased rates of ecommerce transactions and consumer data on the web, fraud is becoming easier and more accessible for criminals.

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Mastercard Negative Option Billing Rules

Mastercard has implemented a few rules around the practice of Negative Option Billing. These new rules apply only to card-not-present subscription services in which the customer receives a physical product. These rules do not cover digital services,such as streaming TV or music services. If your business relies on negative option billing practices, it is important to understand MasterCard’s rules in order to avoid charge backs and possible action against you.

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What to Do About Post-Holiday Returns

Post-holiday returns are a reality for merchants of all shapes and sizes. Last year, UPS projected a whopping 1.4 million returns on January 3, 2018. Ecommerce returns are projected to smash previous numbers, meaning merchants need to get prepared.

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