In 1901, the engine-powered vacuum cleaner was introduced, launching an era of new technology that made life easier for many, replacing manual tools with powered tools and eventually automated tools. Indeed, much of the history of technology is a history marked by improvements to tools and processes to automate tasks, saving businesses and consumers both time and money, and ultimately increasing productivity.Continue Reading
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Last year, EMV technology finally came to the U.S. after many years of use in Europe. The embedded microchip in an EMV card replaces the magnetic swipe and provides additional security features. It has also proven to bring additional headaches to POS retailers as they make the switch to EMV-compliant terminals. And, industry experts all predicted that fraudsters, stymied by the increased security inherent in the new EMV cards, would move their efforts to the card-not-present world of e-commerce, as happened in other countries when they implemented EMV-card technology.Continue Reading
In the world of subscriptions, business is booming. Last year saw record results for holiday e-commerce and m-commerce, with subscriptions a popular gift choice fueling much of that growth. Unfortunately, chargebacks and failed transactions also hit an all-time high.Continue Reading
Losses from credit and debit card fraud are projected to take an increasingly bigger bite out of business, according to industry experts. Global losses from credit and debit card fraud are projected to reach over $35 billion by 2020, according to The Nilson Report. The report also found that losses due to fraud can account for more than 5% of revenue.Continue Reading
The holidays are upon us. Traditionally, the holiday shopping season starts with Black Friday which denotes the time of year when most retailers hope to go “in the black” in terms of their income statement. But one thing that makes retailers “see red” during this most wonderful time of year are credit card chargebacks.Continue Reading
EMV is the new credit card technology finally coming to the US after many years of use in Europe. With an embedded microchip and associated security features, these new EMV cards are more resistant to fraud, in particular at Point of Sale (POS). Unfortunately, this means that nefarious types may shift their efforts to Card Not Present (CNP) fraud—as has happened in the past wherever EMV cards have been launched.