The revised payment services directive, or PSD2, has played a big part in fraud management rules since its introduction in 2018. With PSD3, however, payment service providers (PSPs) can use personal data to prevent fraud without asking each customer for permission, as long as it’s for stopping fraud. Now, more people and businesses involved in making and receiving payments, not …
Continue readingIs crypto dead? This is a question I seed asked fairly regularly now that the cryptocurrency shine seems to have dulled a bit. The 2024 Cardholder Dispute Index asked 4,000 people in the US who shop online about how they like to pay. Fewer than 1% of respondents said they prefer to use cryptocurrency, like Bitcoin, for buying things online. …
Continue reading2024 is just around the corner. Now’s a good time to reflect on the current state of the eCommerce space, and gauge how you might prepare for what’s ahead. That applies to every facet of your business; today, though, let’s focus on fraud and chargebacks. In some ways, the self-management of fraud threats has become more feasible in recent years. …
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