Don't let chargeback fraud ruin your bottom line
In this article, we delve into chargeback fraud, deciphering its workings, its consequences, and the safeguards you can put in place to protect your business
INETCO named a finalist in the 2023 Technology Impact Awards
BC Tech is proud to announce the finalists across 9 Technology Impact Award categories who achieved exceptional success in the past year
Guarding your transactions: Tackling rogue payment terminals for payment acquirers
It's a scam where credit or debit card information is stolen from the payment terminals we use daily without a second thought. These terminals can be at everyday locations such as your local coffee shop, grocery store, ATM, or gas station
INETCO in the news: INETCO's Ali Solehdin talks EBT fraud prevention and AI with The Center Square
In March, the U.S. Department of Agriculture told all 50 states to plan to fight EBT skimmer fraud, which happens when bad actors install a card reader on top of a legitimate point of sale at a retail store
How to keep customers happy by reducing false declines
For many financial institutions and retail businesses, there is a need to balance the risks associated with payment fraud and advanced persistent threats against the economic imperative to provide excellent customer experiences in a competitive market
Safeguarding the most vulnerable in society from EBT fraud
INETCO BullzAI is a powerful fraud detection system that can detect and prevent EBT fraud skimming
What to expect for payment network fraud in 2023
In our last blog, we looked at 2022’s most prominent global payment fraud trends, including application fraud and synthetic identities, bot-driven DDoS attacks, brute force BIN attacks, and authorized push payment fraud
Unpacking global payment fraud trends
Payment fraud was at an all-time high in 2022, as hackers and scammers took advantage of increasingly sophisticated techniques to access and exploit payment networks
Why false declines cost you more than fraud and what to do about it
With an increase in online payments volume, comes an increase in payment fraud. Many merchants have hurried to solve this problem, only to discover an even bigger challenge, namely the increase in falsely declined transactions which leave many shoppers frustrated enough to abandon their shopping journey altogether