When dealing with global markets, foreign currency exchange becomes a key issue. Buyers at various locations prefer to make payments in their local currencies. So, for example, if you are an American merchant selling online in China, your customers will want to pay in Yuans. Due to fluctuations in currency...
FUTURE-FULFILLMENT
Future-fulfillment refers to transactions that are paid for in advance of use. Often they are also high-ticket, meaning that they are costly. This phenomenon is widespread in the travel services and hospitality industries, where users sometimes book flights and hotel reservations months in advance. The future-fulfillment model is considered high...
FRICTIONLESS CHECKOUT
Frictionless checkout refers to a checkout process that is easy and undemanding. One of the ways to increase conversions is to ensure that the checkout process on your website is as smooth, transparent and fast as possible. You can facilitate checkout by ensuring that the form the purchaser must fill...
FRAUD PREVENTION (DETECTION)
Payment fraud takes place when fraudulent transactions are performed with a payment card. The attack may occur as a result of an account takeover, or through the use of a counterfeit card bearing the customer's account number. Hackers are become increasingly sophisticated, as are their attack methods. Effective fraud detection...