International Bancard Blog & News

Accepting credit cards is important for any business - but protecting your business to avoid credit card fraud is just as important. With credit card fraud on the rise, it is crucial for you to know and understand how you can prevent fraudulent charges occurring at your business. 

The Nilson Report estimates that in 2016, losses topped $24.71 billion, which is a 12% increase over the previous year, and according to a Barclays report, 47% of the world's credit card fraud happens right here in the United States. 

The holiday season is a busy time for fraud. Christmas Eve is December 24th and is the day where most fraud attempts occur.

Credit card fraud is a big deal. It's damaging to both the consumer and the business. 

As reported by a Kaspersky Lab survey, small businesses spend $38,000 to recover from a security breach, with additional indirect costs averaging around $8,000. Enterprise businesses pay on average $551,000 to recover with additional indirect costs averaging at $69,000.

As credit card fraud becomes increasingly more relevant, there are ways to protect your business against credit card fraud. 

International Bancard put together 6 easy ways that your business can avoid credit card fraud. 

Fraud is something that merchants and consumers alike must be concerned with, especially since fraudulent activity continues to run rampant.

For many small businesses, much of their income for the year stems from just two months, November and December. According to the National Retail Federation holiday retail sales are expected to grow between 3.6 and 4 percent for 2017, for a total of $678.75 billion to $682 billion, which is up from $655.8 billion last year. If your payment processing system is not up to par, you could be missing out on your piece of the expected sales increase.

If your business is accepting credit cards, the answer is simple: yes, your business needs to become PCI compliant.  

Accepting credit cards is important for any business - but protecting your business to avoid credit card fraud is just as important. With credit card fraud on the rise, it is crucial for you to know and understand how you can prevent fraudulent charges occurring at your business. 

The Nilson Report estimates that in 2016, losses topped $24.71 billion, which is a 12% increase over the previous year, and according to a Barclays report, 47% of the world's credit card fraud happens right here in the United States. 

Credit card fraud is a big deal. It's damaging to both the consumer and the business. 

As reported by a Kaspersky Lab survey, small businesses spend $38,000 to recover from a security breach, with additional indirect costs averaging around $8,000. Enterprise businesses pay on average $551,000 to recover with additional indirect costs averaging at $69,000.

As credit card fraud becomes increasingly more relevant, there are ways to protect your business against credit card fraud. 

International Bancard put together 6 easy ways that your business can avoid credit card fraud.