Kurt Walker has been working as an editor and copywriter at Edu Birdie and bestessays.com in London for three years. Apart from his career offering help with essay writing and running a writing service, he is also a professional content writer and journalist in such topics as inspiration, productivity, education, and technology. I have had a lot of time in my career with custom essay papers to talk to and even work with entrepreneurs, and that … Read More
What is the Visa Issuer Monitoring Program (VIMP)?
This April, Visa introduced an issuer monitoring program that will go live in October 2019. The Visa Issuer Monitoring Program will be tracking, investigation, and helping issuers that have high levels of fraud activity. Visa introduced their issuer fraud monitoring program, which will go into effect on October 19, 2019, in the US, Canada, CEMEA, Europen, and LAC regions. The goal of VIMP is to monitor and investigate issuers that generate a high level of fraud … Read More
Visa Dispute Updates April 2019
In the world of disputes, the major card networks are constantly updating their rules and regulations to attempt to make the process of disputes better for all parties involved. These changes have historically happened twice a year in April and October. If a card network makes drastic changes in April, the October update may be minimal or not updated at all. Visa made a huge change to how their disputes are handled with the introduction of … Read More
What Is Cloud Based Point Of Sale?
The brick-and-mortar store would not be able to function without a working POS system. More companies are starting to stray from a traditional POS system to a cloud-based POS system. We will go through what a cloud POS is, how it works, and some of the benefits that merchants receive by switching over. A point of sale or POS system is what makes it possible for customers to check out in a brick-and-mortar store. It is … Read More
Econtracts Are a Tool for Mitigating Disputes
As cardholders can sign up for services and buy more items online than ever before, econtracts have become a necessity for some business. We will go over what “econtracts” are, what businesses they can benefit, and how they can help merchants win disputes. Econtacts are equivalent to paper contracts. The difference is that the contract is sent electronically instead of paper. Econtacts are used to outline terms and services among other information. Once it is signed … Read More
5 Ways Credit Card Fraud is Happening in the Hotel Industry
Hotel merchants face different types of fraud because of the nature of booking and reservations. Here are five types of fraud that hotel merchants need to be aware of to protect their revenue and bottom line. Fraudsters are starting to targeting loyalty programs.The merchants and even the customers do not view reward points as currency, but fraudsters do. As long as that mentality exists, there is going to be less protection around the loyalty points than … Read More
Today’s Fraudsters are Getting More Sophisticated – DataVisor Report
Understanding how fraudsters work and operate is essential knowledge for merchants. To stay one step ahead of fraudsters and to prevent fraudulent activities from happening requires knowledge of how fraudsters will attempt to gain merchandise or funds from the merchant. The DataVisor Fraud Index Report goes through how fraudsters are getting more sophisticated and the methods they are using. We will dive into those findings. In the DataVisor Fraud Index Report, one of the significant findings … Read More
Managing Disputes In-House for Digital Subscription Goods
There are many reasons that companies would want to keep dispute management in-house. Whether it is to keep customer data within the company, only wanting company employees working the disputes, finding that keeping the process in-house is more cost effective or other factors, it is important to find a process that is both effective and efficient for dispute management. For subscription merchants selling digital goods, it is even more important to create streamlined processes — because … Read More
How Tokenization is Helping Merchants Keep Cardholder Data Safe
Tokenization is a process that can be used to protect customer data, and in turn, protect merchants and customers alike. We will go over what tokenization is, how it works, and why merchants should look to implement it into their business. Tokenization is the process of taking important information and turning it into a randomly generated “token” which is a string of characters. The advantage of tokenization is if the data gets breached the tokens can … Read More
Interchange Fees: Understanding What They Are & How To Calculated Them
Interchange fees come into play whenever a merchant accepts a debit or credit card. These fees help keep the payment ecosystem balanced. We will go over what interchange fees are, what other fees they are connected to, and more. Interchange fees are charged to merchants whenever a customer uses a credit or debit card. This fee is to cover the fraud or bad debt that happens when approving payments. These fees are collected by the card … Read More