Card-not-present fraud: With the increase in online and mobile payments, card-not-present fraud is becoming more common. This occurs when a criminal uses stolen credit card information to make a purchase online or over the phone. Skimming: Skimming is a form of credit card fraud that occurs when criminals attach a small...
Mobile paymentsAs smartphones become more prevalent, mobile payments are becoming more popular. This includes using apps like Apple Pay and Google Wallet to make payments with a tap of a phone, as well as using Near Field Communication (NFC) technology to make payments by holding a phone near a point-of-sale...
"Near Field Communication (NFC) has become a more common term in the payments industry over the last few years because it’s the technology behind mobile payments. But what exactly is NFC and how does it work? Let’s start with a definition, and then we’ll get into seven things to know...
"The payment provider is investigating innovative behavioral biometrics such as gait, face, heartbeat and veins for cutting edge payment systems of the future. Commuters may soon be able to ditch their bus pass and access public transport with technology identifying them by the way they walk."CLICK HERE TO...
"Because of this concern of COVID-19 potentially spreading infection through physical banknotes, a spokesperson of the WHO has reportedly told the Telegraph that “people should use contactless [payment] technology where possible.” CLICK HERE TO READ FULL ARTICLE FROM FORBES.COM
"If you have your own business or plan to start one, you bring certain skills and experience to the table. If you own a restaurant, for example, you probably know something about food and cooking. On the other hand, you may be less skilled at managing your finances.Many business owners...
"Planning an international trip can involve a lot of preparation, from booking the travel to making sure your passport hasn’t expired to setting up your cell phone so it works overseas. You’ll also want to take a few financial steps before boarding your flight, from having the right travel card to...
"No, I’m not going to tell you to skip tomorrow’s latte (or whatever minuscule semiregular purchase you make). Sure, you’re welcome to skip it, and if lattes make up a truly consequential portion of your budget, then cutting back would probably help. But for most of us, it’s simply
"For any business accepting credit card payments, PCI DSS compliance should be at the top of its must-do list. The Payment Card Industry Data Security Standard is a set of rules established to create a secure environment within all companies that accept, process, store, or transmit credit card information. "
"You probably use your phone for just about everything – texting, gaming, shopping – but what about as a replacement for your wallet? Mobile payment apps such as Apple Pay, Samsung Pay and Google Pay allow you to use your debit or credit card in stores and online without ever...
