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08 Mar
What Is an Issuing Bank and How Does It Differ From an Acquiring Bank?
In a previous article, we covered some useful information about internet acquiring, what an acquiring bank is, and its role in the transaction process. Today, we will explain what an issuing bank is, its role for customers and e-merchants, and how it differs from an acquiring bank. What Is an Issuing Bank? From the customer's
01 Mar
What Are Electronic Payment Systems: Methods and Types
Nowadays, e-payments are an essential part of any e-commerce business and their popularity is growing rapidly. According to statistics, digital payments are projected to grow even further in 2021. In today’s article, we will tell you about electronic payment systems in general as well as e-payment methods and types. What Are E-payments? The term e-payment
22 Feb
How Is Address Verification Service Saving Online Payment?
Address Verification Service, or AVS, is a tool that helps online merchants authenticate the possession of a card by a particular customer. In this article, we would like to tell you about AVS in detail and particularly about how the service can secure online payments. What Is Address Verification and How Does AVS Work? Address
20 Feb
What Is an Acquirer and How Does the Internet Acquiring Work?
Nowadays, digital payments are growing in popularity as they are becoming a new reality. Therefore, being able to process card payments is essential for any online business’s competitiveness and profitability. For merchants to start accepting payments on their website, they need to sign a contract with an acquirer. If you’re not yet familiar with this
20 Feb
The ABC of Cryptocurrency for Online Merchants
Cryptocurrency has become very popular nowadays as the number of people using it for payments is increasing. Well-known cryptocurrencies as Bitcoin, Ethereum, and Litecoin are showing high growth and instill confidence in the success of cryptocurrency as a whole in the future. According to statistics, the number of daily transactions of Ethereum has increased by
01 Feb
What Is Card Security Code and Why Is It So Important?
Like a card number, a card security code (CSC) is an essential feature to guard online transactions. Moreover, it helps to boost purchasing by increasing the safety and confidence of consumers. As for the merchants, CSC is a useful option to prevent fraud and chargebacks. We’ve conducted a guideline where you can find all the
25 Jan
Online Payment Security FAQ
As the global e-commerce market is expanding, scammers learn new techniques to exploit online payment systems. In their turn, most companies try to protect customers from various attacks by unprincipled cybercriminals. Online payment security is an essential part of running and maintaining a loyal customer base. If your customers feel unsafe entering their payment data,
21 Jan
Everything you Need to Know About 3D Secure 2.0 and 2.2 Protocols
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
11 Jan
All You Need To Know About Credit Card Processing Fees
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
09 Jan
Credit Card Processing For Small Business
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
28 Dec
Payment Industry Trends In 2020
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
22 Dec
What To Do If Your Merchant Account Is Closed
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
15 Dec
Keeping Your E-Commerce Transactions Safe And Customers Happy
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
07 Dec
What a Merchant ID is all about
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
02 Dec
Top Court Lifts the Restrictions on CBD Marketing Inside the EU — Now What?
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
