A 3D Secure protocol is the solution to many payment security issues. The improved 3DS protocol represents a step forward for e-commerce, as the old-fashioned methods of password verification have been replaced by biometrics. This payment security method is perfect for both low and high-risk industries and provides the best payment experience for customers. In
It is essential for merchants to adapt to the changes in the e-commerce industry by accepting various types of credit cards. However, for every payment provided with a card, payment processing fees may get a toll on the total company’s profit. To help merchants choose the best option and be ahead of the game, we
Cash inflow is the priority of all businesses, either small or big. Small businesses tend to have a lower influx of funds when compared to big ventures. The use of credit cards is on the rise: they are convenient for customers, but can be expensive for merchants. Moreover, getting a credit card processor often proves
As we come to the end of the year, we usually look back and ensure we did not miss anything important. With the emergence of Сovid-19, the physical distance has brought us to a new technological level. Let us talk about some of the most remarkable payment industry trends in 2020. We shall also examine
A merchant account may be terminated after a 30-days notice or quite suddenly. This is a very unwelcoming development for any business because they lose the ability to make transactions. The good news is that this article aims to provide insights on how to deal with this issue. Here are some of the reasons why
Christmas is usually a period when people make a lot of online purchases. It is also a time when online customers are at a high risk of falling prey to fraudsters' activities. This is especially true now that most countries are on lockdown and online transactions are preferred. In this regard, statistics show that sales
A merchant identification number is a special code that can be used to identify the payment processing methods of a business. Payment processing companies provide merchant identification both for low-risk and high-risk clients. This identification code is important in verification of transactions. There are quite some hindrances for high-risk clients, especially in carrying out financial
Prohibition of CBD marketing is one of the recent controversial topics in the industry. By its latest resolution, the Court of Justice of the European Union has allowed for the marketing of cannabis produced legally in another state, and by “legally produced” it means cannabidiol that is extracted fully from plants and not from their
PurePay is a payment processing company with several payment methods available for its customers. It offers high-level Secure Online Gateway service, along with competitive pricing and responsiveness. In our previous articles, we discussed high-risk merchants and their requirements. We established that these merchants need to employ secure online payment systems to reduce fraud and chargeback
Today the e-commerce industry has boomed presenting consumers a more convenient option to buy stuff. However, with convenience comes a lot of ways for unsecured and counterfeit transactions. Such events rob the online seller with the money which the buyer pays, and disputes often arise between them. In an effort to make transactions more secure,
In our current global climate, safety is the main priority. Especially financial safety. Our money affects everything and trusting others with it can be a struggle. When buying things online and providing payments, we need to ensure that our money is safe. PurePay is ready to help you with that. PurePay and PSD2 The Payment
The Payment Services Directive 2 is a European regulation for electronic payment services. It was established to make payments safer in Europe, increase innovation and help banking services adjust to emerging technologies. It also recognizes and regulates Third-Party Providers (TPPs) to access or aggregate accounts and initiate payment services. This move will shake up the
Predetermined to help uphold consumer protection for online shopping and decrease household debt among Swedish consumers (it's currently growing 7% per annum), the Swedish Parliament has approved an amendment to the Swedish Payment Services Act (2010:751). Coming into effect 1 July 2020, the new provision requires PSPs to ensure that their online merchants operating in
Visa cards will be under new rules and regulations soon. Many claim this will make Visa cards stronger! So, it is the process that will make the card stronger. Hence, today we talk about the how the payments system actually makes it a better solution. So, these new rules are for buyers. Your good understanding
Tech support, aka technical support is basically a life support for many organisations. Globalisation of information technology is leading the path is this case. Therefore, your business can't just go "big" without this! More importantly, tech support ensure smooth running of the business. With innovations such as artificial intelligence (AI), scope of technical support is