Fraud and Security
Card-Not-Present (CNP) Transactions and Why They Matter
It’s critical to provide your customers, both in-person and online, with various payment options. To make the buying experience easier for your customers, you must provide them with as many options as possible. Not all payment methods are made equal. Card-present transactions (CP) and card-not-present transactions (CNP) are the two basic payment types. If you […]
Current E-Commerce Trends
COVID-19 changed the world, and it has had a lot of impact on the economy globally. During the lockdown or movement restrictions, many retail businesses found a way to thrive even while hoping an end to the pandemic would come. While physical stores were closed, companies began to look at e-commerce alternatives. They were able […]
BNPL Fraud — “Buy Now, Pay Later” Fraud Risks Explained
A slew of new payment options has emerged in the last few decades. Popular payment systems like PayPal, Apple Pay, Venmo, and many others make it easy to send money between friends. Buy Now Pay Later (BNPL) is an increasingly popular way to pay for online purchases, even though BNPL is an age-old practice. It […]
What Is Refund Fraud and How Can You Detect It?
Among the many challenges e-commerce businesses face, none are as problematic as the issue of fraudsters. Companies have to be on alert and have different strategies for fighting fraud. One of the most common ways fraud is committed is through illegitimate returns. Recent reports show that the rate of online returns was to reach 10% […]
Card-Not-Present (CNP) Transactions and Fraud Risk
According to research conducted by the Federal Reserve in 2018, card-present fraud decreased from $3.68 billion in 2015 to $2.91 billion in 2016. However, eCommerce card-not-present fraud climbed by $1.17 billion during the same period. With the broad implementation of EMV (chip) technology across the country, this number is expected to rise. Fraudsters are shifting […]
Chargeback Fraud: What Is It and How Can You Prevent It?
One of the common complaints financial institutions get from cardholders is usually about a dispute regarding a legitimate charge on their cards. They will seek a refund and also want to still hold on to the items they purchased. Sometimes the cardholder may deny placing the order in the first place, or they may claim […]
Payment Gateway vs Payment Processor
Businesses have to always find a way how to keep afloat and succeed. With increasing competitors around them and the growing customer base, they consistently struggle to provide the best service. While some are using intelligent strategies to deal with them, others find themselves trapped in such situations with no room for escape. That is […]
How to Detect and Prevent E-Commerce Fraud?
Fraud is an unfortunate reality of e-commerce. As the online retail industry continues to grow, so does this problem. The best way to combat fraud is by detecting it early on and implementing prevention measures that minimise its impact on your business. In this blog post, we will go over some of the most common […]
Security Threats in E-Commerce
The e-commerce industry is massive. With consistent payments, an assortment of automated payment methods and numerous customers to manage both online and offline, ensuring top-class security can be tough. That is why security threats keep lurking around the corner, regularly harming the business. Phishing and malware are the most common security threats in e-commerce. Let […]
What Is E-Commerce Security?
An e-commerce business is a tough nut to crack. It might look exciting to sell an assortment of products and earn a lump sum, but it involves more than that. On top of that, the risk of losing a potential website to security threats is never-ending. During the COVID-19 pandemic, the risks of such security […]