There is no official GDPR legislation in the U.S., but there may as well be and online credit card processing merchants should especially pay attention. In fact, online merchants should conduct business as if there is GDPR legislation in the states. Frankly, we think it’s coming, and it’s already starting at the state level: California’s…
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The industries for which we rarely see direct merchant account inquiries anymore
We got to thinking recently about certain industries for which direct merchant account solutions are nearing or at extinction or those for which solutions are difficult to find considering the current climate. The credit card brands have changed the face of merchant services, particularly online, from five years ago. There are a number of triggers…
In online payment gateway services, these are the industries getting pounded by friendly fraud
It is because of the internet that we all have jobs here at Instabill — that’s providing online payment gateway services. Compared to 20 or 25 years ago, the impact of the internet has been an absolute boon to certain industries, enabling consumers to travel, to meet people, to play games, enjoy entertainment and accomplish…
From a merchant services provider prospective, we see both sides of ‘The Retail Equation’
Making a return may become a little more difficult. As a merchant services provider, we think it’s a step in the right direction. Back in March, we blogged about The Retail Equation, an independent, third-party ‘retail transaction optimization solutions’ provider based in Irvine, Calif., to which retail businesses contract to track customer returns. We read…
Credit card merchant account industry a frequent target of hackers
We look forward to receiving the annual Verizon Data Breach Investigations Report each year simply because the findings very much impact what we offer — credit card merchant account services. We don’t look forward to what we’re going to find, however, because fraud rates have only been escalating while tactics have been getting ever creative…
3 things acquirers fear with internet merchant account processing
Recently we read that the Bank of America successfully defends itself from more than 800 hacking attempts each day. It is a staggering, yet believable fact considering we’re in the midst of The Age of the Data Breach. It got us wondering about what acquiring banks fear most. Our last blog post focused on the…
Applying for High Risk Merchant Services: 5 Things Merchants Don’t Want to Hear
We’ll admit it. We’ll field calls from merchants seeking high risk merchant services and after a few questions, sometimes the conversation takes a slight turn for the worse. It’s because we’re honest about our merchant services – there is no point in anything less. The process of getting a high risk merchant account isn’t what…
4 Things Machine Learning Schemes Miss in Online Credit Card Processing (Thus the Need for Manual Review)
In today’s online credit card processing climate, there is no silver bullet to vetting legitimate orders from fraudulent ones, in whatever industry. By now merchants know well it takes a combination of human or manual reviews and machine learning – one complimenting the other – for the best results in maintaining both a low fraud…
E-Commerce Merchant Accounts for Cannabis? We Might Be Closer Than You Think
If there is one industry on our wish list for offering e-commerce merchant accounts, it is undoubtedly the marijuana industry. We currently have solutions for all things related such as hemp and CBD (we hope to have a solution for medical marijuana in a matter of weeks), but payment processing for the cannabis industry has…
In Merchant Account Services, Saving E-Mail Messages is Vital
It’s when I started my career in merchant account services that I learned the value of e-mail, and maintaining a (relatively) tidy inbox. Don’t be mistaken, I receive a deluge of e-mails every day, some days more than 100 (compared to some of my colleagues, that’s rather light). However, I have countless folders where I…