Where are Some Types of Online Fraud Coming From?

Where are Online Fraud Coming From ?   According to the U.S Internet Crime Complaint Center in 2016, there were more than 280,000 internet fraud reports in the United States alone. One type of online fraud that most people are familiar with is a scam run on Craigslist…

Preventing Chargebacks

Preventing Chargebacks, How to Do It! Even if you manage to keep your chargebacks below the 1/2 – 1% threshold, any chargeback claims – whether remedied or not – take up precious time researching what happened. I’m sure there are other ways you’d rather spend your time (like focusing…

Remedies for Chargebacks

Chargebacks Remedies To keep your chargeback ratio in check you have to take a proactive role. You can actually prevent chargebacks from escalating – and counting towards your monthly allotment. The most common categories for chargebacks include point-of-sale errors, customer disputes, and fraud – and within these…

Chargeback Ratios… the Unwritten Rules

While Visa and MasterCard don’t approve merchant accounts, they do hold all the cards – pardon the pun – when it comes to setting chargeback ratios. Chargeback ratios are calculated by dividing your monthly sales by the number of chargebacks or the total dollar amount of the total chargebacks…

Heartland Security Breach Shakes the Card Processing Industry

In 2005, a credit card giant was brought down by a massive security breach. It was said that at least 68,000 MasterCard account numbers were taken from the CardSystems database and that approximately 40 million cards of various brands were exposed. Since this breach, we…