Counterfeit card fraud accounts for 37 per cent of credit card fraud. To tackle this, an initiative from Euromoney, MasterCard and Visa, known as EMV, has been implemented in the United States. In countries where similar initiatives have been introduced, there’s been a strong success rate in reducing counterfeit card fraud, and it is hoped…
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The payments industry has seen numerous changes throughout the years, but it is the Internet that has brought about its most radical transformation. It is estimated that consumers will spend $385 billion on e-commerce throughout 2016. By 2020, this figure is likely to exceed 600 billion, and e-commerce and the advances in the online payments…
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If the analysts are right, currency is dying and mobile payments are the future. Certainly, there have been giant leaps forward in this area so far: Apple Pay, Google Pay, and other e wallets are beginning to make a significant impact on the payments landscape, and the Internet of Things could also transform the way…
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The credit card market in the United States is vast. During your search for a suitable credit card, you’ll find offers for both secured and unsecured credit cards, but what are the main differences and which is right for you? What is Secured Credit? A secured credit means adding funds to a security deposit account.…
DetailsFraud is one of the biggest challenges you face as a merchant, so it’s up to you to understand how to prevent common types of credit card fraud. And as the way we purchase things continues to evolve, it is difficult to keep up with the new threats that come along. Despite efforts to combat it, card…
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As a small business owner, there are several mistakes you must avoid if you are going to find to a payment processor who will suit your needs as your company grows. However, if you are just starting or keen to develop your business, it’s easy to forget to ask the right questions, and by then,…
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The one thing every retailer dreads is a hack or other form of security breach. However, the vast amounts of personal data a POS system can hold will always be a target for criminals; most credit card/debit card payments are made via POS systems, this results in rich pickings for cybercriminals or gangs seeking huge volumes…
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Chip cards have been one of the most significant changes faced by retailers in the U.S. in recent years. However, the switchover has been far from smooth with merchants facing delays in their terminals being certified, and some small businesses have been slow to introduce the new technology. 70 percent of consumers now have chip cards…
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Efficiency is one of the ingredients for running a restaurant and it isn’t just about keeping the customer satisfied by providing a fast, professional service. Successfully managing a restaurant business also involves effectively managing the admin and the inventory side so you can minimize wastage and maximize profits. Running a successful restaurant business is often…
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As a business owner, you understand the importance of protecting proprietary data. That includes the information collected during a transaction with a vendor or one of your customers. Choosing to incorporate the right type of measures into your overall data security strategy minimizes the odds of someone hacking into your company network and stealing credit…
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