CBOSS is pleased to announce that one of our own, Mike Lendvay, has achieved the Certified Cloud Security Professional (CCSP) certification.
Part 5: Preventing Chargebacks with Security and Verification
In part 4, it was stated that chargeback management isn’t all about security codes and PCI protocol, while this is true, they are still a pivotal piece of the chargeback management puzzle. While the tips in the last post were designed to help reduce chargebacks related to customer complaints, these tips will help reduce fraud related chargebacks. This post will discuss security and verification best practices that will help to keep your systems secure and your customers’ information safe.
Part 4: Preventing Chargebacks with Good Business Practices
Now that you have learned all the basics on chargebacks in parts 1, 2 and 3, it is now time to get down to business. The next three parts of this blog series will discuss the important tasks of preventing and disputing chargebacks. While many people believe that preventing chargebacks is all about security codes and PCI protocol, honest and transparent business practices are the biggest part of preventing chargebacks. This post will focus on these best practices. Implementing these suggestions should not only lead to less chargebacks, but more satisfied customers as well.
Part 3: Chargeback Fraud
Part 2: Why Your Organization Should Be Concerned
In Part 1 (What is a Chargeback?) of this blog series, you had learned what chargebacks were and some general facts about them. If you are thinking “That was good information, but why should I be so concerned about a couple of forced refunds?”, then read carefully. Chargebacks cost a lot more than just lost revenue. Additional fees, damaged reputation, and the possibility of your merchant contract being suspended/terminated are some of the additional risks outlined below.
Part 1: What is a Chargeback?
This is the first part of a multi-part blog series focusing on chargebacks. As the other parts are published, links to them will be placed below.
What is a Chargeback?
A chargeback is the result of a customer disputing a charge on their credit/debit card. They can be initiated for a variety of reasons, but all lead to the same result; money paid to your organization is removed from your bank account and returned to the customer without your consent. The chargeback process is designed to increase customer confidence, but, unfortunately for business owners, has become a tool for part-time fraudsters to get free stuff. The fraudulent use of chargebacks is often called “chargeback fraud,” “friendly fraud,” or “online shoplifting.”
CBOSS DEVELOPS NEW PRODUCT ENHANCEMENTS
Online payment solution provides flexibility and security to effectively manage revenue sources.
POLAND, OH – CBOSS, Inc., a recognized global technology and software developer leader, announced today several new product enhancements for its Central Payment Portal (CPP) application, a secure online solution to collect and manage funds.
CBOSS Receives SOC 1 Type II Attestation and Meets Payment Card Industry Data Security Standards
Independent Audit Verifies CBOSS’s Internal Controls and Processes and PCI Compliance
Poland, OH – August 2017 – CBOSS, an e-payment service provider, today announced that it has completed its SSAE 18 (SOC 1) Type II and PCI audits. This attestation verifies that CBOSS has the proper internal controls and processes in place to deliver high quality services to its clients.
Last week, credit reporting agency Equifax announced what is certain to be one of the worst security breaches in the history of cyber-security. During the period between mid-May and the end of July, an unidentified intruder siphoned off the personal information of 143 million Americans, as well as a smattering of individuals from the U.K. and Canada. The attacker(s) exploited a vulnerability in the company's website to gain access to names, addresses, and social security numbers, as well as some customer credit card numbers.
Electronic payments are a vital part of doing business in almost every industry. They are central to how companies interact with each other, their customers, and their vendors. But the speed and convenience of ePayments brings with it risks: identity theft, credit card fraud, or bank account fraud. To combat these risks, we would like to share with you some helpful tips to keep your financial information safe: