Taking credit cards is necessary these days. So is protecting your business from potential fraud those cards can bring.
Credit card processing companies offer basic anti-fraud tools and chargeback management, but dedicated solutions can provide greater protection for online sellers. Enter Riskified.
If you’re a business using
The major card brands offer advanced anti-fraud tools for businesses willing to use them, and SafeKey is one such tool.
The holiday season is upon us, and with it comes an increase in customer traffic and purchases. More than 164 million consumers planned to shop on Thanksgiving weekend alone, according to the National Retail Federation, while a Deloitte survey found 51% of that spending will be done online.
Fraud remains a thorn in the side of businesses, credit card processors, and customers. In fact, credit card fraud created losses of nearly $22 billion in 2015 alone.
One of the main issues in the payments industry is how to combat fraud. Although fraud impacts less than 1% of all transactions by some estimates, it’s still a major concern for consumers, banks, card networks, and businesses.
Business is different than it was even a decade ago. Data breaches and other advanced cybersecurity threats make PCI compliance and payment security a necessity for even hobby businesses.
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