You may heard of tokenization lately but do you know why it is becoming popular in many industries such as e-commerce merchants, payment processors, and banks? Fraud is what happens when someone uses illegally obtained information such as credit card information to make purchases. For online businesses, this has become […]
What is digital fraud
Overview The last few years have seen a big jump in digital fraud since the COVID-19 pandemic’s outset in early 2020. Workers transitioned from office environment to working from home while students attended online classes. While studying and working from home was a necessity due to the pandemic, it has […]
Beware of chargebacks! It’s the holidays!
The last few months of the year is a busy time for merchants due to the holidays. Colloquially, the day after Thanksgiving is called Black Friday which marks the start of the Christmas shopping season in the United States. Merchants will heavily slash their prices to take advantage of this […]
Fraud prevention with SMS verification
E-commerce sites use SMS verification to prevent fraudsters from trying to create multiple accounts for making purchases with stolen credit cards. Such a verification step is part of the two-factor authentication process. Two-factor authentication (2FA) is a security system that requires two separate, distinct forms of identification in order to […]