COVID-19 has had some thought leaders declaring that we should prioritize the move towards Cashless Societies and contactless payments. First off, what exactly is a “Cashless Society”? A Cashless Society simply means that all financial transactions will take place without … Continued
Nothing makes you feel more like an “official” business like taking card payments. While it’s already common among large and medium sized businesses, lots of entrepreneurs with small businesses in the Caribbean still don’t accept card payments. If you fall … Continued
Launched by Visa in 2001, 3D Secure is an important fraud prevention measure that adds an extra layer of security when you’re dealing with card-not-present transactions, such as online payments with e-commerce. 3D Secure was designed specifically for improving the … Continued
The past few months of 2020 have shown the world the importance of being able to operate online. If you own a small business, you’re probably considering taking it partly or wholly online, and if you’re thinking about starting a … Continued
In the wake of the COVID-19 pandemic and the need for social distancing, it became evident to businesses and consumers alike that e-commerce is a necessity for retail. In fact, online shopping is one of the most popular online activities, with global online sales … Continued
Small businesses aren’t the only ones trying to take advantage of online transactions – unfortunately fraudsters are too. So, it’s important that small business owners entering the world of e-commerce are aware of the common fraud schemes that can end up … Continued
The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that all companies that accept, process, store or transmit credit card information maintain a secure environment. The PCI DSS is administered and managed … Continued
The CVV Number (“Card Verification Value”) on a credit card or debit card is a 3 digit number at the back of a VISA or MasterCard. CVV numbers are also known as CSC numbers (“Card Security Code”), as well as … Continued
E-commerce involves “card not present” (CNP) transactions, which are transactions where the cardholder cannot physically present the card for a merchant’s visual examination at the time that an order is given and payment effected. Fraudsters target online businesses to take advantage of CNP transactions to make payments … Continued
The advent of e-commerce opened a realm of new online opportunities for everyone, from small businesses to consumers, and unfortunately also to fraudsters. Those wishing to commit credit card fraud prey on novice online business owners’ lack of awareness and … Continued