Online Payment

Shopping cart abandonment is common in many online stores for various reasons. Therefore, many online businesses lose a lot of revenue as a result of this. When customers can easily pay for their purchases, it can increase conversions and, ultimately, sales. A frustrating payment process results in sales loss or makes a customer look for…

Read More
Innovative IVR Payments, Integrated Voice Response

Innovative IVR payments (Interactive Voice Response) are a commonplace technology that allows customers to make payments over the phone using an automated system. This service works primarily without interacting with a live representative. This system handles simple payment requests, and for more complex issues, customers can be directed to a live representative to discuss. In…

Read More
Credit Card Debt, Statute of Limitations

Each state gives creditors and collection agencies varying times to file suit on unpaid and delinquent credit card debt. These times are formally known as statutes of limitations. Note that in all states, these limitations are governed by state laws – not federal. Understanding the Statute of Limitations Dependent on the state, debt collectors are…

Read More
Payment Tokenization, PCI Compliance, Secure Payments

Every merchant needs to provide customers with a simple and convenient way of making payments to their business. Just as important is to ensure a consumer’s credit card data is safe from hackers. This is where payment tokenization comes in – it’s simply an added security measure safeguarding payment details. What is Payment Tokenization? Tokenization…

Read More
Friendly Fraud

Friendly fraud is not friendly at all. It has grown in recent years, thanks to the rise in e-commerce. Friendly fraud is when consumers pay for a product or service online using their credit card, then contact their credit card issuer to dispute that transaction. This fraud is called “friendly” since a customer will make…

Read More