Nonprofit organizations do amazing work. They’re mission-driven rather than focusing on profits, and anything they do make is reinvested back into their work. So, you can imagine that paying large amounts in fees isn’t ideal when they’re trying to support communities and drive positive change.  For most businesses, payment processing is a pretty simple deal. […]

There are many types of credit card fraud around; in fact, the sheer scale of it might surprise you. While it shouldn’t make you feel unduly unsafe whenever you shop online or use your card in an ATM, it’s important to always be aware of the ‘what ifs.’ After all, you don’t want to hand […]

Since the 1970s, the American Bankers Association has served as the registered authority for bank identification numbers (BINs). Originally, the American National Standards Institute (ANSI) and the International Organization for Standardization (ISO) first invented this system to help with speeding up transactions, simplifying the authentication process, and preventing identity theft.  Today, your bank identification number […]

The acronym CVV stands for Card Verification Value, though you might also see it called Card Verification Code (CVC) or Card Identification (CID). This security feature plays a big role in protecting both businesses and customers from fraudulent transactions. The Federal Trade Commission reported that consumers lost more than $12.5 billion to fraud in 2024, […]

Chargebacks can be a nightmare. If you fall into the high-risk business category, you certainly don’t need us to tell you that, because you deal with them more than most. Of course, they’re costly too, not only in the transaction you lose but in time and effort. In fact, chargeback statistics show that businesses lose […]

Receiving a payment dispute notification is never fun. It means you’ve got a battle ahead of you to prove that the transaction was legitimate and that no fraud or other untoward things happened. And for high-risk businesses, this is a common situation to face. Yet, it’s not all bad news. A provisional credit reversal could […]

Here’s a truth you might not want to hear – credit card fraud is on the rise. There were around 449,076 credit card fraud complaints filed with the FTC in 2024, a 7.8% increase on 2023’s figures. It’s rising year upon year, and fraudsters’ tricks are getting harder and harder to spot.  But it’s not […]

From time to time, payment disputes happen. Mistakes happen, customers may be unsatisfied for no solid reason, or maybe fraud enters the picture. While you can’t completely cut out the chance of ever experiencing a dispute ever again, you can do a lot to reduce them and their severity.  For some businesses, disputes aren’t just […]

Chargebacks cause issues that many business owners would rather avoid. The process can be lengthy, and it costs businesses money and their reputation. But what if there were a way to solve payment disputes before they become chargebacks? That’s exactly what Rapid Dispute Resolution (RDR) does. RDR automatically handles certain payment disputes before they turn […]

The dreaded “card declined by issuer” message can be frustrating for both customers and e-commerce business owners. For your business, it often results in a loss of customer trust and revenue.  Card issuer rejections, also known as card issuer declines, are one of the most common payment processing challenges that business owners face. Around 10 […]