Simply put, EMV stands for: Europay, MasterCard, and Visa. But this simple acronym definition doesn’t truly answer the question: What is EMV? To help you better understand EMV and its implications and complications for merchants, we’ve put together some quick facts that will help you learn more about this fairly new technology. EMV is a […]
A monthly summary of emerging payment trends and forecasts to help you protect your payments and boost your profits The topic for January’s edition of Verifi’s PaymentsTips Newsletter is on the question that is top of mind for many merchants emerging into 2016: What is the forecast for EMV sales, post-holiday chargeback implications, and what merchants […]
BRANDING: #PaymentsTips Each month, we’ll help you navigate the emerging trends and forecasts for card-not-present (CNP) merchants with (what we think) are the best pieces of advice from Verifi, as well as from across the web. We promise to keep this newsletter short and sweet, so let’s get started! Q> The holiday sales season is […]
Welcome to the first release of our PaymentsTips Video Series. Over the coming months, Matthew Katz, founder and CEO of Verifi, will be hosting this monthly series on a variety of payments topics that address current events and their impacts, ongoing challenges in payments and solutions to address obstacles merchants face on a daily basis. This month’s video is […]
Take a look at Matthew Katz’s recent Payments Week article titled “Five Months and Counting to EMV Deadline – The State of Industry Compliance & Are you Ready”. The EMV fraud liability shift will happen October 1, 2015, but many merchants are unprepared. EMV Compliance is looming. Find out how education, prep and a comprehensive fraud strategy are […]
Card-Not-Present (CNP) fraud is expected to double by 2018 in conjunction with the EMV rollout in the US. When EMV was adopted in the UK and Australia, POS credit card fraud quickly declined. However, fraudsters migrated to the online channel causing a spike in CNP fraud. The liability for fraud shifts from issuer to merchant […]
Card-Not-Present transactions are expected to account for 25% of all card based transactions by 2018. Merchants have little time to prepare, especially since card-not-present CNP fraud will increase after EMV adoption in the USA. Realize that while business will grow, so will the potential for fraud. Fraudsters will become more sophisticated, too, creating a complicated […]
Recent market conditions pave way for merchants to reconsider implementing 3-D Secure. Three major market changes that may influence the adoption of 3-D Secure include, (1) arrival of EMV to the U.S., (2) alignment of MasterCard’s U.S. liability policy to Visa’s policy, (3) implementation of CardinalCommerce, allowing merchants to locate and control cardholder authentication. To […]
Recent market conditions pave way for merchants to reconsider implementing 3D Secure. Three major market changes that may influence the adoption of 3D Secure include, (1) arrival of EMV to the U.S., (2) alignment of MasterCard’s U.S. liability policy to Visa’s policy, (3) implementation of CardinalCommerce, allowing merchants to locate and control cardholder authentication. To […]
Chargebacks & Disputes FAQ 16 ArticlesChargebacks Cardholder Disputes Why did I receive a chargeback? How do billing and shipping mismatches cause chargebacks? How to Dispute a Chargeback? Reasons and Reason Codes What are MCC codes? Reporting and Investigation How does a chargeback get reported? What are authorization codes? What is a chargeback ratio? 12 ArticlesCredit […]