VBV vs Non-VBV: What Business Owners Need to Know About Payment Authentication
In the United States, there were 323,459 cases of credit card fraud in the first half of 2025. Unfortunately, this was a 51% increase from the year before. Credit card fraud, hacking, and unauthorized transactions aren’t just a problem for consumers. Whenever a card is used for a fraudulent or unauthorized purchase, it can result […]
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The Untold Secrets of AML Compliance: What Financial Professionals Need to Know Now
Running a business isn’t just selling goods and services. Of course, you already know that, but do you know how much money is laundered through payment systems annually? According to the United National Office on Drugs and Crime, around $1.6 trillion was laundered by criminals in 2009 alone. Complying with anti money laundering regulations is […]
AI Payments Revolution: Unveiling the Hidden Transformation
Artificial Intelligence is a hot topic, and with good reason. Not only does it hold promise in many making our lives generally a bit easier, but it can also involve itself in fraud detection. In fact, AI payments look set to save businesses a huge amount of money globally by increasing fraud detection measures and […]
High Risk MCC Codes: What Every Merchant Needs to Know Before Processing Payments
High-risk companies have many challenges ahead. Of course, if you’re reading this, it’s likely that you fall into this category and you want to learn more about how you can overcome these problems. One area that’s important to learn more about is high risk MCC codes. These codes go a long way to deciding whether […]
The Hard Truth About Business Survival Rates: What 90% of Entrepreneurs Miss
Let this sink in: According to the US Bureau of Labor, around 20% of small businesses fail within the first year of their existence. Additionally, only one-third stick around for more than ten years. It’s quite a sobering thought, isn’t it? When you have a business idea, your dreams suddenly take over and you imagine […]
Unlocking POS System Statistics: The Hidden Data Gold Mine for Business Growth
If you haven’t paid much attention to your point of sale (POS) system yet, it’s time to do so. Studies have shown that businesses with modern POS systems reduce transaction times by 30%, creating faster service and the ability to serve more customers during busy times. However, a large number of businesses still don’t have […]
The Ultimate Guide to Reduce Credit Card Processing Fees: Strategies That Actually Work
Many things in life aren’t free, and that includes credit card processing. The associated fees can be significant and over time can significantly affect your business’ profit margins. It’s why understanding how to reduce credit card processing fees is a must. On average, credit card fees are between 1.5% – 3.5% per transaction, with variations […]
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