The Essential Guide to Credit Card Fraud Prevention & PCI Compliance

Credit card fraud is a real and growing threat to businesses around the world. As an increasing number of consumers choose to pay with plastic, it’s more important than ever for business owners to stay informed about credit card fraud prevention techniques and PCI compliance requirements. From data encryption to monitoring customer transactions, this guide will provide the tools you need to boost security and foster trust in your customers. What Are the Techniques of Credit Card Frauds? To protect your customers from fraud, you must first understand the different types of credit card fraud and how they can be prevented. Identity Theft The most common form of credit card fraud is identity theft, which involves criminals stealing the personal information of customers to purchase…

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The Importance of 3DS Verification

Do you allow your customers to purchase products or services online? If so, your business is vulnerable to fraudulent transactions, chargebacks, refunds, and more. Credit card fraud is becoming extremely common—in fact, 2022’s global losses from fraudulent card transactions are a staggering $34.4 billion. As fraud techniques become increasingly sophisticated, this number is expected to increase to approximately $50 billion by 2030. Want to guarantee that all of your card-not-present transactions are legitimate? Our 3D Secure (3DS) Credit Card Authentication model may be for you! Keep reading to learn more about 3DS verification, how it works, and why it may be right for your business. Key Points 3D Secure (3DS) credit card authentication is a security protocol that prevents fraud in card-not-present transactions. 3DS authentication…

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A Guide to Payment Routing

Money can’t buy happiness, but it can keep your business running. Every business owner needs to get their money delivered safely and on time. Efficient payment routing is the best way to minimize transaction costs, increase acceptance rates, and distribute transactions evenly.Routing is a key part of payment processing, especially for businesses that use multiple payment service providers. Keep reading to learn more about payment routing and how to find the best solution for your business.What Is Payment Gateway Routing?Payment routing is the path a transaction follows after someone makes a purchase. All non-cash purchases go through routing, but in the context of business, payment routing typically refers to companies accepting payment from customers.An example of payment routing could be a customer using a credit…

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