High risk merchants are the leaders when it comes to implementing successful payment processing technology. Companies are classified as high risk merchants because of the greater likelihood of chargebacks and fraudulent transactions associated with particular industries or business models. ..
The Federal Reserve released results from a major study of US payments. As one would expect, the study confirms that electronic payments are increasing, Paper checks are decreasing as more checks are being converted to electronic transactions.Over 75% of non-cash payments were performed..
Black Friday and Cyber Monday were a successful beginning to this year’s online holiday shopping season. On line transactions for Cyber Monday were up 60% over last year, totaling 4.89 million compared to 3.06 million last year.Internet transactions and sales jumped higher on the Tuesday after..
What is a High Risk Merchant?Well-managed businesses often wonder why their company is placed in a high risk processing classification.Keep in mind that a high risk processing classification is simply a label. Classification as a high risk merchant has little to do with the specifics of a..