4 Things Machine Learning Schemes Miss in Online Credit Card Processing (Thus the Need for Manual Review)

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…

Checkout Abandonment is Part of Online Credit Card Processing: How Will You React?

Checkout Abandonment is Part of Online Credit Card Processing: How Will You React?

We enjoy fishing. Fresh water, salt water, it doesn’t matter. Part of being a fisherman is understanding that some fish are going to get away. At times, they’ll be hooked, nearly reeled in, mere feet from the boat, but they’ll still manage to get away. It is part and parcel of online credit card processing:…

Online Credit Card Processing More Challenging Than Ever Says Report

Online Credit Card Processing More Challenging Than Ever Says Report

We’ve offered online credit card processing for the better part of 20 years, but we never dreamed we’d see this kind of volume of cyber attacks. The ThreatMetrix Q1 2018 Cybercrime Report contains the most disturbing set of figures we’ve ever seen regarding attacks on small e-commerce businesses. E-commerce attacks were twice as high in…

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…

Consumers favoring debit over online credit card processing – Use caution

Consumers favoring debit over online credit card processing – Use caution

We recently read a survey which revealed that debit card processing is growing more popular than online credit card processing for e-commerce payments. We provide secure services for both methods at Instabill, as debit cards are the preferred method in many regions, including several countries throughout Europe. With this shift, we’re getting different messages: Consumers…

The 5 Things We’re Thankful For in Online Credit Card Processing

The 5 Things We’re Thankful For in Online Credit Card Processing

Online credit card processing never stops. But like most businesses in the U.S., we’ll be closed Thursday and Friday for the Thanksgiving holiday, returning on Monday, Nov. 30. November has been a stellar month for e-commerce businesses signing up for merchant accounts with Instabill. We are well on our way to one of our best…