With card-not-present transactions growing in number and diversifying in type, it’s become even more important for merchants to maintain robust security to keep fraud at bay. Fortunately, the rollout of 3D Secure 2.0 will help with just that! Keep reading to learn more about 3D Secure technology and what’s in store for version 2.0.
As a business owner, we hope that you’ve implemented tactics and technology to keep your digital assets secure against attacks (if not, Fidelity is here to help!). But, don’t forget to stay vigilant against threats to your personal accounts, too. Here are 5 ways you can bolster security for your bank account:
Data breaches, which entail the unauthorized release of private personal data, are a growing concern for businesses across the country. And if you’re a small business, a data breach can bring particularly serious consequences: a recent survey revealed that an astounding 60% of small businesses will shutter their doors in the aftermath of a data breach.
Fidelity is proud to offer merchants the Data Protection Service Program, which provides coverage for liabilities incurred from the fallout of an actual or suspected data breach. While we truly hope that you won’t ever need to utilize the benefits of this program, should a data breach you can rest assured that your business will avoid tremendous losses.
While cash discount programs have been legal in all 50 states for several years, it has not been easy for Merchants to implement such programs since the lines between cash discounting and credit card surcharging are very blurry—and, while cash discounting is legal, credit card surcharging is illegal in many states.
This has been the case in New York for some time now, but a January 2019 ruling in the New York State Court of Appeals will grant Merchants slightly more leeway with surcharging, and accordingly, cash discount programs (many restrictions do still apply, though). In this blog post, we’ll review the facts on cash discount programs and surcharges, as well as what New York-based Merchants need to know to abide with state and card-brand regulations.
In April of 2018, Visa introduced the Visa Claims Resolution (VCR) in order to streamline the chargeback dispute process and reduce errors. While the new process is beneficial for businesses overall, it’s important that Merchants familiarize themselves with the changes to avoid any fees or issues. In this blog post, we’ll review several ways in which Visa has changed their chargeback dispute process and how you can prepare accordingly.
Over the past year, Fidelity experienced unprecedented growth and advancement in terms of its overall infrastructure, proprietary technology, customer service, and lineup of products and services. We’ve enjoyed witnessing the high levels of satisfaction among our merchants, developers, employees, and stakeholders— in part due to these many changes.
Here’s a list of some of the biggest improvements, product launches, and more from the past year.
With over $14 billion spent in the U.S. alone this past Black Friday and Cyber Monday (BFCM), it’s clear that the exponential year-by-year growth of these big spending days isn’t slowing down any time soon. But while profit margins are certainly exciting for merchants, what’s perhaps an even more amazing outcome of these two days (or more accurately, a week) is the data it reveals in terms of customer spending habits. This past Black Friday and Cyber Monday demonstrated several big trends that all fall neatly under the umbrella of omnichannel retail (a model of retail that integrates different shopping channels, i.e. in-store, online, via phone, etc.).
Fidelity Payment Services is excited to be attending Kosherfest, the world’s largest and most attended kosher-certified products trade show, this coming November 13th and 14th. Year after year, Fidelity eagerly awaits this amazing opportunity to connect with our many existing clients in the kosher food industry and to make even more connections.