NMI Blog

Lisa Puchalski

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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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