The move towards digital payments has accelerated. Vulnerability towards payment processing fraud is on the rise all over the world. It’s the top consumer concern associated with digital transactions, next comes the risk of failed transactions. If you need to gain a deeper insight into the topic and reveal the safest and cheapest high risk credit card processing services, keep on reading this post.
High Risk Credit Card Processing & Cyber Fraud
Technological innovation has been fundamentally changing the way businesses and banks store, manage and share data in the last ten years. Such shift has been accompanied by the growing threat of cyber fraud.
COVID-19 outbreak has made the shift towards digital payments even faster. $68 million in fraud losses associated with COVID-19 has been registered since the beginning of 2020, as the Federal Trade Commission reports.
As of May 2020, about 31% of a survey participants were victimized … Read the rest
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