Fraud

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How to Analyze the Root Causes of Chargebacks

Chargebacks are disputed everyday at every business, sometimes they can be difficult but have you ever looked back and analyzed the true cause for the chargeback?  Chargebacks are a common problem for businesses and especially for high-risk businesses. Chargebacks protect the consumer from fraudulent transactions as well as rectify errors from simple miscommunication. It’s not …

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The Benefits and Shortcomings of Multifactor Authentication For QSR Fraud

Quick Service Restaurant or QSR fraud is a concern for businesses that has become increasingly common as more QSR locations focus on delivery and carry-out services. QSR chains are experiencing more online orders than ever before. The risk of fraud increases as these entities do more business online. QSR fraud often entails someone breaking into …

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Lenders Dealing with Emerging PPP Loan Fraud

Last month, a bank in Rhode Island bank was given an application for a $144,050 loan through the Paycheck Protection Program (PPP). PPP is an enormous federal effort that is designated to assist many small businesses that are severely affected by the Coronavirus pandemic. This PPP loan application was made on behalf of a restaurant …

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About $11 Out of Every $100 in Digital Sales is Fraud

It should come as no surprise to you that online sales continue to trend up, but along with this comes the increased exposure to digital sales fraud specifically for card-not-present fraudulent activity. According to Forter, a fraud protection company, fraudulent activity accounts for about $11 of every $100 in digital sales nowadays. Fraudsters are remaining …

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Alert: New Phishing Scam

The Official Merchant Services Blog wants to alert its readers to a new fraudulent phishing e-mail scam that is going around the internet. Authorize.net, one of the leading providers of payment gateway services, has received reports that an e-mail is being sent to merchants. The e-mail claims to be from Authorize.net, but is actually a …

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Industry Terms: EMV Cards

This is the latest installment in The Official Merchant Services Blog’s Knowledge Base effort.  We want to make the payment processing industry’s terms and buzzwords clear.  We want to remove any and all confusion merchants might have about how the industry works.  The Host Merchant Services promise, we deliver personal service and clarity.  So we’re going …

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Tips to Prevent Identity Theft

College students are commonly targeted for identity theft. Because they are such common victims of identity theft, Host Merchant Services recommends taking a few simple steps to protect your identity: – Secure your mail. Campus mailboxes are often easily accessed in a dorm or apartment. Have sensitive mail sent to a permanent address such as …

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