Failed transactions are one of the most common challenges that online businesses and shoppers face whenever online payments are involved. As simple as it may seem, online payment is a complex process. A single glitch in the payment system can cause a cascade of errors that eventually hamper the complete transfer or exchange of money …
Payment gateways are used to help enable smooth online transactions and to get approved by the bank. This type of service sends credit card information from a website to the payment network for secure processing. It returns the details of the transaction and the responses of the credit card payment network to the respective website. …
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“Technology is moving at a much faster clip than our laws can keep up with.” – Deborah Hersman Fraudulent activities involving online payments still remain a threat to e-commerce. Over the years, the evolution of scams and fraudulent schemes has drastically affected the operation of online businesses. What is an online payment fraud? Online payment …
Top 3 Online Payment Frauds and How to Avoid Them Read More »
Danger comes when we least expect it. We need to be vigilant in order to avoid this! There is no denying the fact that the internet is a highly advanced avenue that presents tons of advantages and forms of convenience to users all over the world. For instance, people can order or purchase products with …
Although not a new frontier for the majority. Knowing the fundamental information about online payment is a must as it enables businesses to provide an easier and more convenient payment system. This article will provide a comprehensive explanation of what online payment actually is, how it works, and how it can benefit both businesses and customers.
Every business’ goal is for their customers to reach the checkout and successfully fulfill payments for their item or service of choice. By doing so, it means that an enterprise is successful in their business because they are able to generate profit. Payment is where customers and merchants directly interact with each other. In more …
Online Payment Fraud refers to any illegal transaction committed by criminals online with the goal of stealing a person’s money or sensitive information. Fraudsters or scammers are highly intelligent individuals who are capable of detecting a card owner’s information without the consent of the card holder. Nowadays, eCommerce businesses and their buyers are the main …
Effective Strategies to Safeguard Your E-Commerce Business from Fraud Read More »
With today’s fast-paced world, almost everyone seems to always be in action. Most of the people of today, especially the working class, live within a schedule. Everyone wants everything to be fast and smooth, including business transactions and purchases. Living in such a condition where demands are high and production can be aided by technology, …
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Today, online shopping is gradually becoming the norm. The majority of the world’s population is using the internet to make purchases. This is the result not only of the broadened options that online stores have to offer; but also of the maximum convenience that virtual shopping can deliver. However, there are certain risks that come …
A payment gateway is a software utilized by merchants that serve as a portal for transactions carried out via credit card payments. Payment gateways help make online selling and purchasing possible and seamless. Once a customer clicks the purchase button on an e-commerce or merchant website, all data related to the said transaction is saved …