Online fraud has increased significantly in the US since the switch to EMV chips

Attempted fraud with stolen payment information has increased significantly in the US since merchants and card issuers switched to cards with EMV chips rather than magnetic strips, according to a report from ACI Worldwide cited by Reuters. Annual fraud costs to US retailers rose 38% to $32 billion in 2014, according to BI Intelligence estimates[…]

What do you need to have an online store

Electronic commerce or e-commerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently[…]

Save Money When Processing B2B and B2G Transactions with Level II & III Data

Every day, merchants work to control costs while delivering high-quality products, services, and support. Level II and III transaction processing is one way merchants can save, while creating a value-add for prospects and customers. If you accept Business-to-Business (B2B) and/or Business-to-Government (B2G) payments, including Level II and III data can help you significantly reduce processing[…]

What You Should Know About the New Credit Card Chip Rule

Chip-enabled credit cards will now become the standard for consumers and business owners. Banks and credit companies have been sending consumers new cards, which look like their old cards but are fitted with a small metallic high-tech chip known as EMV, which stands for Europay, MasterCard, Visa — the three companies that created the standard.[…]