Credit Card Payment Processing: Fraud Report Notes Patterns, Red Flags

Credit Card Payment Processing: Fraud Report Notes Patterns, Red Flags

There is a degree of empathy when we provide an e-commerce merchant the credit card payment processing solution they need, and that empathy comes from the staggering amount of fraud from which e-commerce merchants need to defend their businesses (and themselves). We also feel for our longtime merchant partners, because fraud prevention and identifying the…

E-Commerce Credit Card Processing: 10 Ways to Protect Your Merchant Account

E-Commerce Credit Card Processing: 10 Ways to Protect Your Merchant Account

Mitigating fraud has become very much a part of e-commerce credit card processing, much to some merchants chagrin. Perhaps it’s not how some merchants envisioned running their business when they launched 15-20 years ago, but protection against criminals and unsavory ‘customers’ – in other words, fraud and chargebacks – is a necessity. Every online business…

High Risk Merchant Services Providers are On the Front Lines Against Transaction Laundering

High Risk Merchant Services Providers are On the Front Lines Against Transaction Laundering

How common is transaction laundering? All high risk merchant services providers will offer similar responses from very to extremely. We’re unable to prove cases of such, but we’d venture to guess that a week doesn’t go by without our account managers receiving 3-5 inquiries from merchants with suspicious websites that show the signs of criminal…

Protecting Online Credit Card Processing: Going After the Criminals

Protecting Online Credit Card Processing: Going After the Criminals

Considering the current climate, protecting your merchant account is priority No. 1 when you rely on online credit card processing. Taking all the necessary precautions to prevent fraud – fighting chargebacks, examining transactions, clear return policy and billing descriptor – is the least a merchant can do. Fraud hits all e-commerce merchants. We recommend fighting…

Online dating merchant accounts: An industry with constant challenges

Online dating merchant accounts: An industry with constant challenges

As if the high risk profile for online dating merchant accounts wasn’t high enough, dating merchants have had to grapple with an industry that has increasingly become a magnet for fraudulent activity. The dating industry has enough challenges with a typically high rate of chargebacks and reputation concerns. Over the last five years, there has…

Transaction Laundering: The Reasons Why Fraudsters Do It

Transaction Laundering: The Reasons Why Fraudsters Do It

For payment service providers, knowing why transaction laundering occurs is important to stopping it. We feel there are three reasons fraudsters turn to transaction laundering: To sell illicit and/or illegal goods, such as drugs To get better rates, both credit card acceptance and processing To lure consumer credit card data As we’re days from holiday…

How an E-Mail Address Can Indicate Credit Card Fraud

How an E-Mail Address Can Indicate Credit Card Fraud

It’s no secret that online merchants are in a perpetual battle in mitigating credit card fraud. Rates of fraud are escalating because it is a fast-earning, largely anonymous, easy crime to commit. In fact, there are cybercrime ‘businesses’ and hacking groups all over the world, particularly in the eastern Europe and Asia regions, whose missions…