The importance of security cannot be overstated in the changing realm of payments. One crucial aspect of protecting against account takeovers is the account age. This article will explore the advantages of having an established account. How it serves as a defense mechanism benefiting both institutions and their customers. Understanding The Account Age In terms …
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There is a phrase that has special meaning in the world of financial transactions: force post transactions (sometimes also refer as force sale transactions). This article will explain Force Post, explain how it operates, the different types and how to recover from the issuer’s point of view. To make this complicated idea easier to understand, …
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One fundamental idea stands out as crucial in the complicated field of fraud prevention: velocity management. Consider it as the solid foundation on which the castle of fraud control is constructed. In this article, we’ll clearly and simply explain the idea of velocity control and why it’s so important for preventing fraud. What is The …
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Understanding how the Automated Clearing House (ACH) system functions, in today’s banking and commerce landscape is akin to learning a language. Electronic cash transfers enable operations like payroll, bill payments and various other transactions. In this blog, we will embark on a journey into the world of ACH transactions. Elucidate the roles played by key …
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Let us dive into the world of “Buy Now Pay Later” (BNPL) an innovative payment method that is revolutionizing the way consumers shop. Understanding BNPL as a merchant goes beyond being an option; it’s an opportunity to grow your company. In this article, we will explore what BNPL entails how it functions and its potential …
Read more “Flexibility Meets Profits: What Is Buy Now Pay Later?”
Have you ever wondered why your bank or credit card statement includes a series of numbers (like MCC;3174) when you make a transaction? These numbers are known as MCC codes. They play a role in categorizing transactions for various purposes. Today we will demystify the concept of MCC codes simplify it and explain how they …
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Card transactions have become increasingly common in our lives as our reliance, on digital convenience grows. If you’re ordering a device online or subscribing to a service chances are you’ll make a Card Not Present (CNP) transaction. These transactions occur when you don’t physically swipe, insert, or tap your card and recent modifications to Reg …
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Card transactions have become a necessary part of our daily lives in the fast-paced world of today. Purchasing anything appears simple, whether it’s a new piece of technology or a cup of coffee. But have you ever wondered the actual mechanics of this complex dance between the consumer’s pocket and the register? Let’s examine the …
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Security is crucial in the dynamic world of online transactions. Similar as Visa (Visa Fraud Programs), Mastercard is aware of this and has launched MasterCard Fraud Program. The most popular ones are the Expert Monitoring Fraud (EFM) and Early Detection for Merchants (ECM) fraud programs, both of which are quite effective. This blog post will …
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The security of transactions where cards are not physically present is extremely important, in today’s world of online shopping. This is where 3DS 2.0 comes into play.. What is 3DS 2.0 and how does it enhance the security of online payments? Let’s simplify it. What’s 3DS 2.0 and why? 3DS 2.0 also known as “3 …
Read more “3DS 2.0: A Simple Strategy to Keep Fraudsters on Their Toes”