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 …
Read more “Reg II: Breathing New Life into Card Transactions”
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 …
Read more “Swiping the Secrets: How Card Transactions Really Work”
The security of payment systems is crucial in a society where electronic transactions are the norm. Visa, one of the largest payment networks in the world, has put into place the VDMP (Visa Dispute Monitoring Program) and VFMP (Visa Fraud Monitoring Program), two fraud programs to regulate issuers, acquirers and merchants to control fraud. Let’s …
Read more “Visa Fraud Program: VDMP and VFMP Unveiled for Amazing Results”