FinTech is here and it’s on an upwards trajectory. Not only is FinTech changing payments, it has already changed payments. In fact, the technologies that define FinTech have made it possible for CNP merchants to exist and prosper. It is hard to know which came first, the technology or the demand. Regardless, FinTech is allowing […]
When credit cards were introduced, consumers, banks, and merchants were concerned about data security and theft. When online banking was introduced, many people were slow to adopt due to concerns for the security of their banking information and the risk of fraud. PayPal introduced a new type of online payment that was used initially by […]
The Address Verification Service (AVS) is a fraud prevention system that, when used effectively, can help to limit fraud and chargebacks. AVS works to verify that the address entered by the customer is associated with the cardholder’s credit card account. AVS is a MasterCard service designed to stop CNP fraud; however, it is widely used […]
Q> How do I optimize omni-channel for the busy holiday selling season? US online retail sales are projected to reach $334 billion this year according to Forrester and that will increase to $480 billion by 2019.[1] The mobile channel is a strong contributor to this growth: It made up more than 50% of the investment […]
These days, better mobile commerce optimization means a better customer experience. This translates to more customers shopping across channels. Phone screens are growing and tablets are increasingly common. Omnichannel business are optimizing sites for mobile so that customers have a seamless experience from computer to mobile to store. As phone screens grow, mobile wallets make […]
No one likes card declines. For customers, it often results in shock, embarrassment and anger. For merchants, it results in valuable lost sales, decreased lifetime value and lowered conversions. So what can merchants do to insulate themselves against erroneous card declines during the high volume holiday season and optimize authorizations? We scoured the internet for […]
Multi- and omni-channel commerce offers will be pivotal for merchants in the 2014 holiday shopping season, according to a recent article from Practical Ecommerce. Great strategies to drive growth, especially during the holiday season, are consumer convenience-driven promotions like free shipping, mobile promotions, in-store pickup and video of products. These strategies are usually only possible […]
eMarketer predicts ecommerce spending to increase from $262.3 billion (2013) to $440 billion in 2017 -a growth rate of 13.8 percent. This growth in conjunction with the EMV rollout, will contribute to an expected rise in fraud within the Card-Not-Present (CNP) channel. This growth in ecommerce sales will largely be driven by an increase in […]
The increased risks of omnichannel commerce require attention to great care from merchants. Finding the right combination of fraud prevention and protection without turning away sales or impacting customers is a balancing act that takes time and fine-tuning. When you finally find the right balance in your fraud prevention methods, Frank Stornello, Chief Marketing and Strategy Officer at Verifi, […]
Founded in 2005, Verifi is an award-winning provider of end-to-end payment protection and management solutions. We take care of and manage your entire e-commerce solution, allowing you to focus on your core business. We are trusted by and work with a wide range of companies in many industries, from startups to fortune 500 enterprises, to […]