AltTextGDpay Articles & News

The electronic payments industry has been going through many changes. Keep up on the latest rules, technology and security as it more important that ever to keep your business running smooth. Also learn the best practices to avoid fraud and non-compliance penalties. Also keep up on interchange rates and what information to pass to qualify for lowest rates.

Merchant Account Scam Alert! Avoid Force or Offline Transactions.

A scammer with a stolen or fake card attempts a transaction. The merchant receives a decline, but the scammer pretends to contact their issuing bank and tells the merchant they received an authentication code. The scammer instructs the merchant, per their bank, to use the code and force or create an “offline” transaction. The merchant enters the code, completing the false transaction.

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