We had an epiphany the other day, and it’s favorable news for high risk merchants. We wondered when was the last time we wrote about Operation Choke Point, the U.S. Department of Justice’s 2013 effort to deny electronic payment resources to certain high risk industries such as payday lending, guns and ammunition sales and telemarketing,…
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Future of e-commerce payments: Friction, frustration
I have a feeling that the future of e-commerce payments is going to be like that Christmas of 2011 when I got my first iPhone. Frankly, I didn’t know what to do with it. I put it back into the box and it sat there for months. And I waited nearly a year, when my…
Address Verification: When Shipping and Billing Addresses Don’t Match
Address verification is a crucial step in the sale of any e-commerce merchant’s product. Without address checks, there is likely a whole lot of fraud happening. We know an online merchant whose red flag goes up whenever he receives an order in which the credit card billing address and shipping address are different. His reaction…
Credit Card Fraud Detection: Are Merchants Winning or Losing?
E-Commerce and mobile commerce (M-commerce) sales worldwide eclipsed $1.9 trillion in 2016 and are expected to reach $4.0 trillion in the year 2020. That massive amount of growth is sure to bring higher rates of fraud. So what can merchants expect to see in the way of credit card fraud detection innovation? An expert panel…
How the Best Reseller Programs Mirror the Future of Payments
A seminar at Money 20/20 Europe regarding the future of payments confirmed something that we’ve believed for a very long time: That we offer one of the best reseller programs in the industry. Not that we’ve ever been concerned about the direction of our reseller program, but it also gave us plenty of reason for…
False positive declines are more damaging than chargebacks
For all of our e-commerce merchant partners, we’re posing a question: What is worse, suffering chargebacks or false positive declines? According to a recent study by the Vesta Corporation and Javelin Strategy & Research, the answer might surprise you: It’s the latter. The fear of suffering fraud is higher than ever. Online merchants have set…
Why There Will Always Be a Need for E-Cigarette Payment Processing
We think the results of a recent study will lend favorably to the e-cigarette industry and merchants who need e-cigarette payment processing. There’s been a conflict over the last 10 years regarding the long term effects of e-cigarette use. It’s generated many legitimate points and questions such as: Is vaping healthier than traditional smoking? Are…
Business Registrations in Europe are Growing (and we can help)
A short news item came over our e-mail feed on a recent morning about a survey revealing how one-third of U.S. e-commerce business owners have plans to pursue business registrations in Europe. The study, titled Internationalizing Your Brand in 2017, was conducted by Germany-based business development firm Arvato. It gave us cause for excitement and…
3 Revealing Signs a Reseller Program Will Work for You
Whenever we receive a referral from a member of our reseller program about finding payment processing for a high risk industry, we’re not going to waste their time or ours. We’ll know what our banking partners will and will not accept within a 10-minute conversation. That’s because the high risk merchant services landscape is different…
Web Design Services are Thriving and There’s No End in Sight
We see a lot of trends in the business of merchant services, some for better, some for worse, such as: Banks abruptly halting services for certain industries Merchant account solutions once easy to find, now difficult Payment solutions once popular, now not so much One trend we’ve noticed the last three years is the constant…