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 …
High-risk businesses are subject to more expensive merchant service charges than others. A business will spend more to process each transaction if it is a high-risk entity. It could also be subject to increased fees and charges. Contract terms for the business could also be restrictive. Some companies may even have some of their revenues …
Why is a Business Considered High Risk For Merchant Services? Read More »
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 …
The Benefits and Shortcomings of Multifactor Authentication For QSR Fraud [2023 Update] Read More »
Banks and other financial institutions are often willing to use data sets to make decisions. They need data to figure out who is more likely to use certain services or products. They also want data on customers to see who has the greatest risk of being delinquent or otherwise unable to complete payments as necessary. …
Is Monetizing Data the Key to Competing in Payments? [2023 Update] Read More »
Ecommerce fraud has become a significant concern in today’s economy. People are flocking online more than ever before to make purchases. Some retailers are also focusing more on their digital commerce efforts than their in-store work. But more people are engaging in ecommerce fraud than ever before, as businesses lost about $17.5 billion in online …
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 …
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 …
About $11 Out of Every $100 in Digital Sales is Fraud Read More »
When your identity is compromised Every individual’s identity is unique to him or her. The problem with this is that there are many others who would love to take that away. They would like to steal identities in order to benefit themselves. Unfortunately this happens far more often than we would like to believe. In …
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 …
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 …
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 …