Payment fraud can be costly to your brand’s reputation. You need to have intelligent systems in place to prevent fraud before it happens.
What is Direct Debit? Direct debit is a safe and easy way to collect payments from a customer’s bank account automatically. The money is transferred directly from one bank account to another and does not require any card or manual payment. Direct debit is known as SEPA in Europe and BACS in the UK. You […]
What is Identity Theft? Identity theft happens when your (or your customers’) personal and financial data is stolen. This could include your ID, bank account details, or credit/ debit card info. The stolen data is then used to make transactions or purchases or sold to other criminals. Identity theft can happen in a number of […]
What are APIs? APIs can be a great friend to you and your payments. If you accept or make digital payments, then APIs are what you need to do it quickly, easily, and safely. In a payments process, data flows between different software applications. APIs make it easy for these applications to talk to one […]
Digital Payments and Data There is no looking back for digital payments. Recent research from Mastercard found that a whopping 93% of shoppers want to make purchases using contactless payments. And nearly 90% of in-person transactions across the world now happen at contactless-enabled merchants. This clearly isn’t a passing phenomenon. This shift is only being […]
Card payments across Europe totalled over € 3.8 billion in 2020. And as contactless buying soars, virtual cards are coming into their own.
Businesses in Europe are facing greater risk from fraud. As newer forms of fraud emerge, merchants have to stay ahead of hackers else risk being disrupted. In fact, within the first few months of the crisis starting, global phishing attacks shot up by a whopping 667%.
The widespread emphasis on dynamic flexibility and interconnected solutions for a post-COVID economic resurgence is indicative of digitalization’s strong influence on global decision making, as well as, its value building abilities in the face of a global challenge. And contactless payment solutions are an important indicator of this.
Reducing payment declines is critical in creating a smoother checkout process, improving sales and creating customer delight. Visual appeal, functionality, and security are crucial touchpoints that businesses have to look at in order to boost payment acceptance.
New laws to counter fraud are coming into effect in the EU. Understand how this impacts your business and your customers