Whilst there is a standard for each card issuer for how to dispute chargebacks as both a merchant and consumer; the wake of coronavirus has forced card issuers such as Mastercard and Visa to release temporary measures to deal efficiently with the upturn in fraud. How is Visa Responding? At the same time, revisions to […]
E-commerce is accelerating at a rapid pace – especially given this resulting vacuum that has stemmed from the coronavirus lockdowns worldwide – causing an increase in card-not-present transactions of 21% across all sectors. Card-present transactions are ever-increasingly minimal and the journey to find the balance in fraud prevention for the rise in CNP transactions is […]
At the beginning of 2020, Britain was on course to become a cashless society ‘within the next 10 years’. The continued impact of the Coronavirus pandemic will likely accelerate the UK into a cashless society much quicker than originally predicted. This digital transformation stands to change how we spend and receive cash, with increased online […]
Whilst COVID-19 has forced the spending habits of consumers to change almost overnight, the ways in which we measured fraud was in part a reactionary statistic that could be categorised into payment type, card-present and card-not-present purchases, and the measures that are taken by merchants to protect themselves. However, as shoppers sit idle in their […]
Mobile Pay and Go existed well before COVID-19, but with the pandemic driving social distancing measures at the checkout, let’s take a closer look at this ultimately contactless method of paying in-store. Retailers like Marks and Spencer and Sainsbury’s have been piloting the Mobile Pay and Go app throughout select stores, allowing customers to spend […]
In response to the ongoing COVID-19 crisis, our partners at Mastercard have released amended details regarding the enforcement of SCA compliance. In September 2019, we published a white paper detailing at length, how SCA would change the payments landscape for businesses across Europe. Check that out here, and note the changes below: As Outlined by […]
Since COVID-19 was declared a global pandemic, there has been a rolling impact across the hospitality network; as travel bans were implemented worldwide and domestic lockdowns ultimately halted tourism on any kind of scale. In the UK, some hoteliers found their hotels being repurposed for NHS workers and the homeless, in an effort to cope […]
Businesses should be looking to use contactless payments and online payment methods to substitute every previous touch point in order to adapt to the changing lifestyles that come with preventing COVID-19.It is no longer business as usual, but it is business; and that can continue if businesses can adapt to various methods such as pay-by-link […]
With the rise in mobile banking, Trustly is a facilitator of alternative payments online for over 2500 websites worldwide; differing from industry leaders such as Apple Pay, whilst offering an equally seamless service. Total Processing is happy to announce that Trustly is one of the 198+ alternative payment methods that we offer alongside other domestic […]
You know about Apple Pay, right? Well, there’s this lesser-known term called ‘OEM Pay’ which stands for ‘original equipment manufacturer’. But don’t worry, it’s just a fancy way of saying it’s a payment method that comes built-in with your phone. But then we have Issuer Pay; a payment method that needs to be installed on […]
Total Processing is happy to announce that Klarna’s popular pay later scheme is now available for merchants to offer via our payment gateway to consumers, as a diverse, tiered and user-focused payment method. Klarna; a Swedish banking institution, was set up in 2005 but launched across the UK in 2017 with a current market value […]
Before we begin, here’s a glossary of terms that you’ll need for this post. Lightning Network: a protocol built atop of the bitcoin blockchain to enable instantaneous peer to peer payments in BTC. Bitcoin: A cryptocurrency that is used for both monetary and tokenizing functionalities. Blockchain A cryptographic ledger that stores data in blocks. The […]