Risk and fraud management challenges within the payment industryAccepting credit card payments has been a growing necessity for merchants over the past few decades. eMerchantPay has noticed a steady shift from Card Present (CP) to Card Not Present (CNP) transactions as an attempt by companies to enhance their online presence and improve customer experience.
The latter has driven the payments industry to the introduction of innovative technologies involving contactless payments and various e-wallet solutions. The more consumers go online, the greater the risks faced by both consumers and merchants. These risks are associated with fraudulent activities like credit card and identity hijacking and data security breaches due to cyber attacks.
These fraudulent activities are still the main reason for chargebacks within the online payment industry. Nevertheless, accepting online payments is a highly lucrative business and a must for every merchant wishing to conduct their business in the 21st century. If you wish to find out more about mitigating risk and thwarting fraud in the online payment industry, download eMerchantPay’s white paper.
About eMerchantPayeMerchantPay is an established payment service provider that provides international online, mobile and POS payment processing services to merchants across the globe. eMerchantPay’s fraud prevention services and payment processing solutions enable merchants to increase their conversion rates, expand their customer reach and prevent fraud.
Innovative payment solutions, processing in more than 150 currencies and various languages, plus dedicated account managers providing personal service make eMerchantPay a knowledgeable specialist and an innovative partner for businesses of all types and sizes.