MasterCard Unveils New Weapon in its War Against Credit Card Fraud

Written by Economic Development Jobs on December 5, 2016. Posted in Merchant payment gateway, Merchant payment processing services, Secure payment solutions

Moto card processing

Credit card fraud is a big problem around the world. Credit card loses amounted to a whopping $16.31 billion in 2014. Chargebacks, which occur when a customer, disputes a charge on their credit card statements, cause merchants and others serious problems every year. Businesses lose the cost of the sale that has been questioned but they may also have to pay a fee and if they get too many chargebacks, they may risk doing serious damage to their relationship with the credit card processor that they use. This is why so many look to ways to prevent chargebacks in the first place.

Now, MasterCard has joined the fight by using artificial intelligence (AI) to combat fraud. According to a

How Often Do You Order Things Online?

Written by Economic Development Jobs on June 15, 2016. Posted in Merchant payment processing services, Payment gateway services, Secure payment systems

Payment processing consultant

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My, how times have changed.
You still remember the time nearly 40 years ago when you went out for lunch during the school day. Things were different then and an hour long lunch period meant that the elementary students who lived closest to the school often ran home for lunch. You lived too far though, so for the most part you were forced to eat the school’s version of a TV tray dinner. They tasted terrible, but your mom insisted that was the most affordable lunch plan.
Once a month, however, your mother splurged and gave you and your 9-year old younger sister money to go out for lunch. A small Mexican restaurant just two blocks from the school was accustomed to young diners dashing in and out of the restaurant every now and then.
On this p