Ecommerce has transformed the way we shop, making it convenient to purchase everything from clothing to electronics with just a few clicks. However, behind the scenes of this seamless shopping experience lies a complex process that involves various transactions.
Chargebacks are officially demanded reimbursements claimed by cardholders dissatisfied with the merchant’s goods or provided services. As most businesses nowadays accept card payments, chargebacks are a looming threat for most merchants.
A Payment Service Provider (or PSP for short) is a third-party company or entity that offers businesses and individuals solutions for receiving and handling electronic payments, for example, credit and debit card transactions.
Digital wallets are designed for keeping digital currencies. In the majority of cases, it refers to various apps that allow you to pay for things online and it usually includes a variety of payment options. This includes both debit and credit cards, as well as bank accounts.
Regardless of the industry you work in, it is crucial that you are focused on security. Preventing fraud is crucial not only for growth but for the state of your company. And there is only so much you can do on your own.
Technology keeps improving by the day, and it affects every single aspect of our lives. At the same time, new technology is prone to fraudulent activities. People have yet to learn about what it has to offer, and there are those who are looking to exploit the situation.
In the past couple of years, you’ve probably heard the term due diligence or customer due diligence. Are you looking for a customer due diligence definition? How does this affect companies? And is every company affected? When should customer due diligence be performed?
But, what are the trends contributing to this shift? And, what will happen in the next several years regarding B2B payments? In this article, we will discuss some of the relevant factors that will play a role in the future of the B2B landscape.
.A few decades ago, cards were considered the most convenient payment method. However, with the digitalization of the world, new payment options have shown their benefits. And, one of these is contactless payment.
In recent years, mobile payments have truly grown in popularity, with more people utilizing their cell phones to make transactions than ever before. It’s because many consumers value the ease of mobile payments.