Thanks to the wonders of the internet, it’s never been easier to sell your products or services to people across the globe. As nice as this opportunity is, however, it comes with some drawbacks. One of them is the cross-border fee, which is a fee you pay every time your business sells something to a customer who is using a…
Thanks to the constant digital advancements, making payments has never been easier. Instead of having to search for the closest ATM or scrounging for loose change, all we need to do is tap our credit card at the point of sale. Even at this level of convenience, though, there’s still a sense that things could be even easier, safer, and…
With millions of malware and phishing attacks reported in the world on a daily basis, many businesses are looking into ways to improve their digital payment security. One such technology that has made waves is called 3D Secure, a protocol designed to act as an additional security layer on online credit and debit transactions. Not sure whether you should invest…
Every growing business needs a way to keep its sensitive information safe and secure – particularly when it comes to online payments. This is where the Payment Card Industry Data Security Standard (PCI DSS) comes in. This standard, put forth by all the major credit card companies, serves as an essential security method to reduce costly data breaches. Want to…
At this point, it’s fair to say that digital wallets proved to be more than a passing trend. Over half of all U.S. adults now use digital wallets more than traditional payment methods, such as cash, debit cards, and credit cards. This trend is particularly noticeable with younger consumers, who are twice as likely to use a digital wallet app…
Time to Upgrade Your Credit Card Terminal
In this digital age, accepting online payments safely should be a priority for any small business. Unfortunately, this isn’t the case, as evidenced by recent studies showing that 58% of customers fail to complete an online transaction due to security concerns. Since most small businesses are operating with lower margins, this can have a major effect on their bottom line.…