Digital Payments Fraud: Best Prevention Strategies

The present-day world is a huge digital family.

With the internet being an important necessity of human life, you cannot think of anything that doesn’t involve using the internet.

From entertainment to business, everything flows in the ocean of the internet.

There is a cut-throat competition between e-commerce sites, all because people want to make payments with just a simple click.

They check prices, compare the products, and purchase them in only a few minutes, all with the internet.

Yet, it is sad to see the poor performance of many e-commerce sites.

As COVID-19 vaccinations help protect our health this year, they’re also expected to inoculate businesses from random shutdowns and layoffs.

Consumers and shop owners are already getting down to business.

Since Americans saved record amounts last year, more than one-third of their disposable income, experts predict they are about to start living, and spending, again.

Economists forecast that travel, dining, and entertainment will come back by midyear.

You can ensure that your business is ready and set to go with these four global Payment Processing Trends.

Summary Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods through its end-to-end solutions.

The company enables merchants to accept payments through both online and offline channels.

Global Payments offers payment services to 3.5 million merchant locations globally, enabling them to accept payments via 140 payment methods (including digital wallets, card payments, and local and alternative payment methods).

In addition to e-commerce payment acceptance for individual merchants, Global Payments offers the likes of one-click checkout and recurring billing services.

The company supports domestic and cross-border transactions, enabling merchants to reach, convert, and retain more customers.

For offline payments, Global Payments offers an array of traditional point-of-sale (POS) and mobile point-of-sale (mPOS) terminals to merchants in collaboration with Verifone and Ingenico.