P11 | Bm2Pay https://www.bm2pay.com Unlimited Payments Solutions Sun, 07 Jul 2019 11:35:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.4 https://www.bm2pay.com/wp-content/uploads/2024/11/cropped-bm2pay-1-32x32.jpeg P11 | Bm2Pay https://www.bm2pay.com 32 32 PSD2 REGULATION https://www.bm2pay.com/2019/04/11/psd2-regulation/ https://www.bm2pay.com/2019/04/11/psd2-regulation/#respond Thu, 11 Apr 2019 09:12:04 +0000 https://www.bm2pay.com/?p=3042 Enacted by the European Commission, the PSD2 regulation took effect in January 2018. The aim of the regulation is to better protect consumers when they pay online, promote the development and use of innovative online and mobile payments, for example through open banking, and make cross-border European payment services less costly and safer. The regulation obligates banks to permit customers to share their transaction data with third parties through application programming interfaces (APIs). It also enhances consumer rights in areas such as surcharging and currency conversion, and addresses enhanced security measures through Strong Customer Authentication (SCA). READ MORE: Are You Ready for the Final Stage of PSD2? Image courtesy of vectorpocket

The post PSD2 REGULATION first appeared on Bm2Pay.]]> Enacted by the European Commission, the PSD2 regulation took effect in January 2018. The aim of the regulation is to better protect consumers when they pay online, promote the development and use of innovative online and mobile payments, for example through open banking, and make cross-border European payment services less costly and safer.

The regulation obligates banks to permit customers to share their transaction data with third parties through application programming interfaces (APIs). It also enhances consumer rights in areas such as surcharging and currency conversion, and addresses enhanced security measures through Strong Customer Authentication (SCA).

READ MORE:

Are You Ready for the Final Stage of PSD2?

Image courtesy of vectorpocket

The post PSD2 REGULATION first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/04/11/psd2-regulation/feed/ 0 POS (Point of Sale) https://www.bm2pay.com/2019/04/11/pos-point-of-sale/ https://www.bm2pay.com/2019/04/11/pos-point-of-sale/#respond Thu, 11 Apr 2019 09:03:11 +0000 https://www.bm2pay.com/?p=3038 A Point of Sale (POS) is the site where a customer makes payment for items or services whether the transaction takes place in a physical store, where POS terminals are used to process card payments, or a virtual sales point such as a computer or mobile device. The POS provides the retailer with crucial data about customers’ shopping habits and preferences, which can be used to personalize future customer experiences. POS data enables brands to acquire a deeper understanding of where and when their products are sold, as well as what field activities and in-store conditions are influencing those sales. This enables them to improve their retail execution strategies. Image courtesy of rawpixel

The post POS (Point of Sale) first appeared on Bm2Pay.]]> A Point of Sale (POS) is the site where a customer makes payment for items or services whether the transaction takes place in a physical store, where POS terminals are used to process card payments, or a virtual sales point such as a computer or mobile device.

The POS provides the retailer with crucial data about customers’ shopping habits and preferences, which can be used to personalize future customer experiences. POS data enables brands to acquire a deeper understanding of where and when their products are sold, as well as what field activities and in-store conditions are influencing those sales. This enables them to improve their retail execution strategies.

Image courtesy of rawpixel


The post POS (Point of Sale) first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/04/11/pos-point-of-sale/feed/ 0 PHISHING https://www.bm2pay.com/2019/04/11/phishing/ https://www.bm2pay.com/2019/04/11/phishing/#respond Thu, 11 Apr 2019 08:49:49 +0000 https://www.bm2pay.com/?p=3035 Phishing is a veteran method used by hackers to gather personal information through deceptive e-mails and websites that seem legitimate. The attacker attempts to trick the email recipient into believing that the message is something they need. It might take the form of a request from their bank, or a note from a co-worker. It will usually be accompanied by a link or an attachment. The fake website may feature a particularly attractive offer or discount on products. Phishing, as well as other forms of cyber attacks, have become increasingly sophisticated. The use of fraud detection systems based on machine learning and analytics minimizes fraud investigation time by 70% and improves detection accuracy by 90%. Most advanced payment solutions feature fraud detection screening that can be adjusted according to risk levels at each market. READ MORE: BATTLING PAYMENT FRAUD IN 2019    Image courtesy of rawpixel.com

The post PHISHING first appeared on Bm2Pay.]]> Phishing is a veteran method used by hackers to gather personal information through deceptive e-mails and websites that seem legitimate. The attacker attempts to trick the email recipient into believing that the message is something they need. It might take the form of a request from their bank, or a note from a co-worker. It will usually be accompanied by a link or an attachment. The fake website may feature a particularly attractive offer or discount on products.

Phishing, as well as other forms of cyber attacks, have become increasingly sophisticated. The use of fraud detection systems based on machine learning and analytics minimizes fraud investigation time by 70% and improves detection accuracy by 90%. Most advanced payment solutions feature fraud detection screening that can be adjusted according to risk levels at each market.

READ MORE:

BATTLING PAYMENT FRAUD IN 2019 

 

Image courtesy of rawpixel.com

The post PHISHING first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/04/11/phishing/feed/ 0 PCI COMPLIANCE https://www.bm2pay.com/2019/02/26/pci-compliance/ https://www.bm2pay.com/2019/02/26/pci-compliance/#respond Tue, 26 Feb 2019 19:44:32 +0000 https://www.bm2pay.com/?p=2497 PCI compliance requires meeting standards connected to the Payment Card Industry Data Security Standard (PCI DSS) which was compiled by major credit card companies such as Visa, MasterCard, Discover, and American Express. Merchants that handle cardholder information must maintain PCI compliance or be penalized by the companies responsible for creating the standard.   PCI compliance is one of the key methods used to prevent credit card fraud, among other security measures such as tokenization and 3D Secure Checkout. As an advanced payment platform is PCI compliant, when a business chooses to use one for processing payments, it no longer needs to concern itself with attaining compliance. READ MORE: BEST PRACTICES FOR THE TRAVEL INDUSTRY 4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PCI COMPLIANCE first appeared on Bm2Pay.]]> PCI compliance requires meeting standards connected to the Payment Card Industry Data Security Standard (PCI DSS) which was compiled by major credit card companies such as Visa, MasterCard, Discover, and American Express. Merchants that handle cardholder information must maintain PCI compliance or be penalized by the companies responsible for creating the standard.

 

PCI compliance is one of the key methods used to prevent credit card fraud, among other security measures such as tokenization and 3D Secure Checkout. As an advanced payment platform is PCI compliant, when a business chooses to use one for processing payments, it no longer needs to concern itself with attaining compliance.

READ MORE:

BEST PRACTICES FOR THE TRAVEL INDUSTRY

4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PCI COMPLIANCE first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/pci-compliance/feed/ 0 PAYMENT PLATFORM https://www.bm2pay.com/2019/02/26/payment-platform/ https://www.bm2pay.com/2019/02/26/payment-platform/#respond Tue, 26 Feb 2019 19:40:07 +0000 https://www.bm2pay.com/?p=2494 An all-in-one advanced payment platform handles an enterprise’s payment needs from start to finish regardless of whether the business is high or low risk, large or small, online or in-store. The payment platform provides gateway services, credit card processing, cross-border payments and other features to streamline payment processes at every global location. Using machine learning and via a single integration, the system provides smart routing, adjustable fraud screening capabilities, actionable data and end-to-end visibility of an online enterprise’s payment processes at every market. READ MORE: A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION 4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PAYMENT PLATFORM first appeared on Bm2Pay.]]> An all-in-one advanced payment platform handles an enterprise’s payment needs from start to finish regardless of whether the business is high or low risk, large or small, online or in-store. The payment platform provides gateway services, credit card processing, cross-border payments and other features to streamline payment processes at every global location.

Using machine learning and via a single integration, the system provides smart routing, adjustable fraud screening capabilities, actionable data and end-to-end visibility of an online enterprise’s payment processes at every market.

READ MORE:

A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION

4 TIPS FOR SECURE HIGH-RISK CREDIT CARD PROCESSING

The post PAYMENT PLATFORM first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/payment-platform/feed/ 0