If your business processes card payments, you’ve likely come across declined transactions.
One of the more frustrating decline messages is “Do Not Honour.” This and other decline reason codes are crucial for understanding why a transaction wasn’t successful, but they often leave both merchants and customers confused.
Clarifai Clarifai In the ever-evolving landscape of e-commerce, Artificial Intelligence (AI) stands as a transformative force, offering businesses unprecedented opportunities to innovate, streamline operations, and enhance customer experiences. Here are strategic recommendations for e-commerce businesses to leverage AI effectively, along with specific companies to consider:
In the fast-paced world of recurring payments, ensuring a seamless and hassle-free experience for your customers is paramount to the success of your business. However, managing card details for recurring payments can be a daunting task, especially when customers' card information changes or payment agreements are cancelled without notice.
In today's fast-paced digital world, businesses need a reliable and efficient payment gateway to thrive. Whether you run a small online store or a large enterprise, the key to success lies in seamless transactions and enhanced security! Axcess Merchant Services’ cutting-edge payment gateway, we empower businesses to streamline their payments, boost efficiency, and ensure secure transactions for their customers.
In the dynamic landscape of payment options, recurring payments stand out as a streamlined and hassle-free choice that not only reduces costs but also strengthens consumer relationships. While some smaller businesses may have hesitated to offer recurring payments in the past, Axcess is here to prove that it's no longer an issue.
In the previous blog, we discussed the extensive impact of fraud on the travel industry. If you would like to read up what was discussed in our previous blog you can do so by clicking here. In this second part of our series, we will explore the common types of fraud that plague the travel industry and effective strategies to prevent them.
The surge in demand for multi-acquirer solutions, particularly the rising prominence of payment orchestration in 2023, underscores the importance and relevance of adopting these strategies across industries. This article delves into the reasons why multi-acquirer approaches are fast becoming the norm in the payment landscape.
Recurring payments have become a key feature for businesses offering subscription-based services or memberships. Whether you're operating a streaming service, a gym, or a SaaS platform, ensuring seamless and secure recurring billing is essential to maintaining customer satisfaction and steady revenue. However, handling recurring payments requires compliance with card scheme regulations and best practices to avoid chargebacks, failed transactions, and disputes.
In the dynamic realm of eCommerce, fraud continues to evolve, presenting a significant threat to online merchants. As digital transactions increase, so do the tactics employed by fraudsters to exploit weaknesses in payment systems. For eCommerce merchants, understanding the various types of fraud and implementing robust countermeasures is crucial to protecting your business and maintaining customer trust.
As the holiday shopping season approaches, Black Friday remains a pivotal event for online retailers in the UK. This annual shopping extravaganza not only marks the beginning of the festive shopping season but also serves as a litmus test for the e-commerce landscape. With a staggering £9 billion spent during Black Friday 2023 alone, it’s evident that the stakes are high for businesses looking to maximise their sales during this critical period.
In the fast-paced world of travel and tourism, payment processing plays a critical role in ensuring seamless transactions for businesses and customers alike. As a travel merchant, understanding what goes on in the mind of your acquirer is essential for building strong partnerships and optimising your payment processes. Let’s explore the key factors to consider when it comes to travel payments.
Payment routing is the path a transaction takes after a customer makes a purchase. From the moment a payment is accepted, it flows through several different components before it can be processed, such as acquirers, issuers, and payment providers. More recently, businesses are choosing to migrate towards more dynamic payment routing options as opposed to traditional static routing.
E-commerce payments are evolving rapidly, and merchants and consumers alike are demanding enhanced customer experiences, improved security, and greater efficiency. To stay competitive in this landscape, the key lies in effectively using and analysing the data at your disposal.
In the ever-evolving world of business, Mail Order Telephone Order (MOTO) payment systems have emerged as a game-changer. These web-based payment solutions enable businesses to efficiently process card transactions remotely, making it convenient for customers who cannot make payments in person.
Fraud has a significant impact on the travel industry, affecting both businesses and travellers alike. For businesses, fraud can result in financial losses, damage to reputation, and increased operational costs to prevent future occurrences. Travellers may experience identity theft, unauthorised charges, or even booking scams, leading to frustration and distrust in the industry. It is crucial for travel businesses to implement robust security measures and for travellers to stay vigilant and verify the legitimacy of their bookings to combat fraud effectively.
E-commerce has emerged as a game-changer for businesses, providing unparalleled opportunities to attract new customers and boost sales in comparison to traditional physical shops. But what exactly is e-commerce? Simply put, it encompasses all online activities involving the buying and selling of products and services.
In the realm of digital transactions, payment routing stands as the complex yet crucial roadmap that navigates a transaction from the initial spark of customer purchase to the final crescendo of processing. Imagine this journey as a symphony, where each note represents a step - acquirers, issuers, and payment providers - intricately playing in harmony to create the perfect melody of a successful transaction...
In the intricate world of payment processing, one term that often takes centre stage is "interchange fees." These fees play a crucial role in the seamless execution of card-based transactions within the UK and Europe. In this blog, we'll delve into the depths of interchange fees, unravelling their significance and shedding light on their impact on the payment processing ecosystem.
