NMI Blog

Data Breaches and Payment Fraud: Protecting Your Merchants

Posted by Lisa Puchalski on Sep 21, 2017 10:00:00 AM

How Data Breaches Increase Card Spinning and Credit Card Fraud

Lately, it seems like data breaches are a common occurrence. There’s hardly a quarter that goes by without some large company reporting a major breach of sensitive cardholder or personal data. As a consumer, there’s an understandable feeling of anxiety and stress whenever a new breach is announced as their fear and risk of identify and credit card theft increases. But what about the merchants who accept credit cards? They might have even more reason to fear these kinds of breaches. The fact is, data breaches increase identify theft, card spinning, credit card fraud, and other types of nefarious fraudulent activities.

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The Ultimate White Label Payment Gateway Introduction for Merchant Acquirers

Posted by Lisa Puchalski on Aug 9, 2017 2:44:57 PM

The Average Payment Gateway

What Payment Gateways do

Payment gateways play an essential role in the processing of a credit card transaction. When you swipe your credit card or make an online purchase, a payment gateway takes payment card data and securely sends it to a payment processor for authorization.

The transaction information is then submitted to one of the credit card networks and routed to the issuing bank of the credit card holder where the transaction is either approved or declined. The response is then transmitted in reverse back to the payment gateway where it  receives the response and notifies the merchant whether or not the transaction was approved or declined.

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New Year Resolutions Payments Style

Posted by Alexis Lesa on Jan 4, 2016 3:02:57 PM

The end of every year presents us with a time for contemplation, reminiscing on the events of the past 12 months, and an opportunity to set goals for the year ahead. In the spirit of the tradition of making personal New Year’s resolutions, this week is a good time for payments industry players to take stock of what happened in 2015 with the intention of making 2016 even better. What went on in payments in 2015, and what did those events and trends tell us about what’s coming in 2016? Further, what resolutions can merchant service providers (MSP) commit to pursuing in the coming year that will keep them competitive in a fast-evolving market?

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Topics: payment industry trends, payment facilitation, ISO, omnichannel

It's The Most Wonderful Time Of The Year...For Fraud

Posted by Alexis Lesa on Nov 23, 2015 3:35:00 PM

With Thanksgiving just a few days away, preparations are afoot. Turkeys will be stuffed and brined, potatoes will be peeled, elastic pants will be donned, retailers’ Black Friday signs will be displayed, and sensitive payment data networks of all kinds will be targeted by hackers and fraudsters alike.

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Topics: payment data security, fraud, fraud prevention

Finding an Omnichannel Solution in a Fractured Payment Landscape: Lessons from Starbucks

Posted by Alexis Lesa on Nov 5, 2015 3:00:51 PM

The speakers at October 2015’s financial services convention Money 20/20 seem to have collaborated at some point before the show commenced to solidify common themes, and the buzzword of the week was “omnichannel.” Commentary on omnichannel solutions for an increasingly complex and varied retail market dominated panels, keynotes, and vendor discussions. Executives from industry giants—including Google, Facebook, Verifone, Chase, Vantiv, and Visa—contributed to the conversation surrounding the task of providing consumers with a truly omnichannel solution.

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Topics: Money 20/20, Starbucks, omnichannel, mobile payments

Are Payment Facilitators The Beginning Of The End For ISOs?

Posted by Alexis Lesa on Oct 26, 2015 12:41:34 PM

Ten years. That’s roughly the length of time between the introduction of the DVD and the almost total removal of the VHS videotape from mainstream retail marketplaces. Square, the payment facilitator often cited as a payments industry game-changer, launched its app fueled by payment facilitation technology five years ago. Could that mean the next five years will bring slow decline of the traditional independent sales organization (ISO) into eventual obsoleteness?

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Topics: payment industry trends, payment facilitation, ISO, payment facilitator

How To Make The Most Of Your Time In Vegas

Posted by Alexis Lesa on Oct 23, 2015 4:38:16 PM

With executive-level speakers from the biggest names in financial services on the agenda, panels covering a broad range of industry trends, and plenty of opportunities to network with 10,000+ attendees coming from all over the world, Money 20/20 is shaping up to be an excellent event. And one need to look no further than the trade show’s chosen locale to know that its organizers mean business: hosting a convention in Las Vegas communicates a certain “work hard, play hard” mentality that most finance professionals can get on board with.

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Topics: payment industry trends, Money 20/20