Offering Cash Back on a Debit Card Purchase: Here's What You Need to Know
Offering cash back on a debit card transaction benefits both you and your customers. In a retail world where eCommerce is consistently eroding in-person sales,
Payment Technology Articles
Internet of Things
Managing the Internet of Things & Fraud Threats in an Increasingly-Interconnected Marketplace
The Internet of Things—commonly referred to as “IoT”—was one of the most hyped new concepts of the last decade. IoT technologies poured onto the market,
EMV Liability Shift
EMV Liability Shift: Where Things Stand
The EMV liability shift introduced by the major credit card networks went into effect October 2015. It was designed to encourage merchants, banks, and consumers to make EMV “chip” cards their preferred type of payment card transaction.
SMS Verification
How SMS Verification Can Help You Reduce Risk and Identify Your Customers
Verifying customers can be a pain, even under the best of circumstances. It can be a bigger problem during peak sales periods,
COVID-19 & New Payment Channels
Merchants Explore New Payment Channels to Survive the Pandemic. But What Are the Risks?
Online merchants have long known the importance of providing multiple payment options. The more channels through which customers can give you money means…well…more customers will give you money.
PCI-DSS Compliance
PCI-DSS Compliance: Protecting Merchants and Their Customers.
When we talk about PCI-DSS compliance (sometimes shortened simply to PCI compliance), the conversation usually centers on the need for merchants to be “up to code.” In other words,
dCVV2
Will Your Next Credit Card Run on Batteries Thanks to dCVV2?
After years of testing and speculation, we may soon see payment cards with dynamic CVV codes—a technology called dCVV2—hit the global market.
The first CVV (card verification value) codes were a direct response to the growth in online shopping.
EMV Fraud: 5 Years Later
Let’s Examine EMV Fraud Prevention, 5 Years After the Liability Shift
October 15, 2020, marked the fifth anniversary of EMV adoption in the United States. By now, just about every American has at least one chip-enabled card sitting in their wallets.
Virtual Account Number
Is a Virtual Account Number the Answer to Data Security?
Virtual account numbers, or VANs, are a type of temporary alias for credit card numbers. They work just like a credit card number during a transaction,
PSD2
PSD2: How Will the New Legislation Affect Merchants?
The revised Payment Service Directive, or PSD2, is a European edict designed to help level the financial playing field for banks, retailers, and consumers. The mandate entered into force in early 2016,