ecommerce, Security and PCI Compliance

Riskified Fraud and Chargeback Management

Riskified is a software-as-a-service company that offers chargeback prevention and fraud management for mid-market and enterprise level businesses, specifically online retailers. The company boasts clients such as Aldo, Skullcandy, Burlington Coat Factory, Mattel, Swarovski, Prada, and more. With fraudsters increasingly turning to the internet as a result of increased in-person security due to chip cards,…

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Credit card processing companies offer basic anti-fraud tools and chargeback management, but dedicated solutions can provide greater protection for online sellers. Enter Riskified.

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Credit Card Processing, Security and PCI Compliance

Vantiv’s OmniShield Assure

OmniShield Assure is Vantiv’s PCI and security program. The company says that the main benefits are improved security and reduced financial risk. If you’re paying for the program, you’ll probably see it on your statement among other monthly fees. What is OmniShield Assure? EMV Acceptance and Encryption PCI Compliance Breach Assistance OmniShield Assure Costs Are…

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If you’re a business using Vantiv (now WorldPay), you may be wondering about a fee for OmniShield Assure on your bill.

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Credit Card Processing, ecommerce, Security and PCI Compliance

Using American Express SafeKey

Available from American Express, SafeKey provides an addition layer of protection for online transactions made with an American Express card. What is American Express SafeKey? SafeKey 2.0 How it Works Benefits of Implementing SafeKey Does it cost money to use American Express SafeKey? How to Implement SafeKey Taking American Express What is American Express SafeKey?…

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The major card brands offer advanced anti-fraud tools for businesses willing to use them, and SafeKey is one such tool.

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Credit Card Processing, Security and PCI Compliance

Transaction Security for the Holiday Season

It’s a huge opportunity to beat sales forecasts, but fraud can quickly eat into the revenues generated. Data breaches are on the rise, and, while you see the increased holiday traffic as a way to be nice to customers, hackers see it as an opportunity to be naughty. Protecting customer information and securing financial transactions…

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The holiday season is upon us, and with it comes an increase in customer traffic and purchases. More than 164 million consumers planned to shop on Thanksgiving weekend alone, according to the National Retail Federation, while a Deloitte survey found 51% of that spending will be done online.

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Credit Card Processing, Security and PCI Compliance

Fighting Fraud with Machine Learning

There are several good techniques for fighting fraud, including biometrics and multi-factor authentication, but alone, they aren’t enough. Instead, payment providers and the card networks need to dig into the vast amount of payment information that’s produced every day to find patterns that indicate likely fraudulent activities. They can then use this data to find…

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Fraud remains a thorn in the side of businesses, credit card processors, and customers. In fact, credit card fraud created losses of nearly $22 billion in 2015 alone.

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Credit Card Processing, Security and PCI Compliance

Biometrics for Payment Security

In 2015, credit and debit card fraud caused losses of nearly $22 billion. Anything that can reduce the impact of fraud will significantly improve confidence throughout the payments marketplace and save businesses money. One potential way to fight fraud is through the use of biometrics — your uniquely identifying personal features like fingerprints, voice, face,…

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One of the main issues in the payments industry is how to combat fraud. Although fraud impacts less than 1% of all transactions by some estimates, it’s still a major concern for consumers, banks, card networks, and businesses.

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Security and PCI Compliance

Clearent’s DataGuardian Security Suite

These days everything is digital. When was the last time you saw someone using a manual credit card imprinter? Whether you accept payments from chip credit cards or Apple Pay, the risks (and regulations) remain essentially the same. Hackers and thieves don’t care if you’re a one-man weekend operation or a major corporation. If you…

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Business is different than it was even a decade ago. Data breaches and other advanced cybersecurity threats make PCI compliance and payment security a necessity for even hobby businesses.

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Security and PCI Compliance

MAXMIND’s MinFraud Review

The minFraud service from MAXMIND aims to reduce or eliminate these risks and costs. It uses data points from over a billion transactions to create a risk score for any cards you’re processing. It can then combine that risk score with rules and thresholds you set so you can automatically decide whether to accept or…

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Some of the hidden costs of taking credit and debit card payments are fraud and chargebacks — areas where a card is used in a criminal way, or where a customer disputes a transaction. Left unchecked, these can be very expensive for retailers and merchants, with $8 billion in money lost to credit card fraud in 2016.

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