Awepay

A self-help primer for merchants fighting card fraud on the front lines Criminals are always looking for the weakest link. The unlocked door. The sleeping security guard. The unsuspecting target of an email phishing scam. Illustration of man in mask reaching through computer and man with shield and sword fighting credit card fraud on the front lines The good news is that advances in credit card security technology have dramatically reduced fraudulent credit card use in-store. The widespread adoption of EMV chip systems save merchants and consumers billions from counterfeits and unauthorized card use. Reinforcing this new wave of security infrastructure, credit card processors and financial institutions continuously monitor merchant accounts to detect signs of fraud, stopping them before they occur. But technology is only one part of the puzzle. Human error at the point of sale continues to be a thorn in the side of merchants. “Card-present” in-store credit card f...

The online payments topic is treated dismissively even though it is very important. Merchant services are not exclusively responsible for quality mediation and safe money transactions, this is precisely why when choosing a provider the type, size and future perspectives of a business should be taken into consideration. Therefore, it's worth our time to get to know the characteristics of different types of payment providers so that our decision would be made fully aware of the facts and figures aiding our business. E-Wallet E-Wallet, or in layman's terms "electronic wallet", serves as one of the easiest payment solutions and frankly one of the most popular payment method. The idea behind it is that service providers create virtual accounts that can be loaded as pleased (like a pre-paid cell phone). Finally, a customer can use this e-wallet's virtual money to pay in every online store that accepts such a payment method. Our service providers role is...