Solupay Blog

Top 10 Ways to Detect Fraud for Card Not Present Transactions

Posted by Joe Musitano on Aug 26, 2016 1:22:59 PM

With CNP fraud on the rise since the EMV chargeback liability in the US took effect last October, it's in the best interest of retailers engaging in eCommerce and taking phone orders to increase their focus on securing those transactions. Here are 10 ways to detect and prevent fraud to avoid chargebacks on Card Not Present transactions:

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Topics: Online Fraud, Chargebacks, Card Security

What They Said About EMV Was True: CNP Fraud on the Rise

Posted by Jayme Moss on Aug 5, 2016 12:16:02 PM

Report Confirms EMV Expectations: Counterfeit Fraud Down, CNP Fraud Up

According to a July 2016 Card Fraud Control Benchmark Study from Auriemma Consulting Group, counterfeit card fraud has reached its lowest level since 2013, falling 18 percent in Q1 from the previous quarter. Counterfeit fraud losses have declined steadily relative to other categories since the industry’s EMV liability shift took effect late last year, and have decreased by nearly one-fourth since their peak in late 2014.

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Topics: EMV

Two Important October Deadlines in the Payment Card Industry

Posted by Jayme Moss on Jul 20, 2016 11:00:00 AM

Last year at this time, news feeds in the payment card industry were abuzz with information about the Chargeback Liability that was taking place in October of 2015. Not to disappoint, new deadlines have been set for October of this year that will have card security pundits talking. The first impacts Visa card issuers, and will be a blessing to both consumers and merchants when it comes to diminishing fraudulent card use via alerts. The second brings EMV back to the forefront, with a new deadline for ATM's to accept EMV chip cards. Here is some education on both deadlines:

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Topics: EMV

Security Alert: New Scam Targets Payment Gateway Credentials

Posted by Joe Musitano on Jun 29, 2016 10:40:45 AM

ALERT: If you use a gateway or virtual terminal for payment processing --- Pay Special Attention (Remember, most integrated POS systems connect to a gateway).

EMV in the US has made life only slightly more difficult on fraudsters, finding the new security too cumbersome to overtake. So instead of wasting time hacking POS systems, hackers have taken to bypassing them altogether and focusing their criminal efforts on hijacking merchant Gateway accounts.  They are accomplishing this simply by "acquiring" Gateway API credentials and Gateway user credentials, and are finding merchants to be ideal prey.

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Topics: Online Fraud, Card Security

Solupay Achieves ‘Built for NetSuite’ Status

Posted by Jayme Moss on Jun 8, 2016 3:49:16 PM

New SuiteApp, Solupay® for NetSuite SuitePayments®, Meets the NetSuite SuiteCloud Platform's Development Standards and Documented Best Practices

TWINSBURG, Ohio--()--Solupay, a payments technology leader for credit card payment processing, announced today that it has achieved the ‘Built for NetSuite’ status. The new SuiteApp, Solupay® for NetSuite SuitePayments®built using NetSuite’s SuiteCloud Platform, provides enhanced functionality that can reduce fraud, cut payments acceptance expense and eliminate manual processes when accepting payments within NetSuite.

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Topics: Payment Gateway Solutions

Solupay® Announces Silver Sponsorship of NetSuite® SuiteWorld16

Posted by Joe Musitano on May 16, 2016 10:48:15 AM

Source: BusinessWire.com

May 16, 2016 06:00 AM Eastern Daylight Time

TWINSBURG, Ohio--(BUSINESS WIRE)--Solupay today announced its Silver Sponsorship of SuiteWorld16, NetSuite’s annual user conference for customers, partners, media and industry analysts, being held May 16–19, 2016, in San Jose, Calif. NetSuite’s SuiteWorld16 is the #1 Cloud ERP conference, with more than 8,000 expected attendees coming together to get inspired, network, celebrate cloud success, gain industry knowledge and share insights and best practices.

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What Frictionless Checkout Means to You

Posted by Joe Musitano on Apr 7, 2016 9:30:00 AM

If you are an online retailer, you know all too well the importance of creating a checkout that is as easy as possible and in as few steps as possible. But creating an easy, frictionless checkout becomes complicated when you add in necessary security features to process payment transactions. It is very easy for an online shopper to abandon their cart, change their mind, or Google their purchase elsewhere. Now there is a process called 3D Secure Advanced that has accomplished secure checkout, without the friction of the original 3D Secure. Here is how:

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Topics: Card Security

View our Video that Helps You Get Paid 20% Faster

Posted by Brendan Hickey on Feb 24, 2016 1:40:37 PM

Accounts receivable is truly the lifeblood of any business that extends credit to customers. Manage it effectively, and you can grow your business strategically. Manage it wrong, and you introduce inefficiencies and increase costs that erode margins.

Cloud Collect is a cloud-based tool that works with your current invoicing software. Using your data, Solupay's Cloud Collect creates workflows to help automate your invoicing operations, while providing valuable insights you can use to improve your cash flow.

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Topics: Cloud Collect

EMV Chip & PIN: Banks locked front doors but left the back wide open

Posted by Jayme Moss on Jan 21, 2016 10:59:18 AM


We are in the midst of a revolution in how consumers are checking out at POS terminals. We discussed last week in an article entitled "The EMV Reality is Sinking In" how there is a general confusion at card terminals across the US by both clerks and consumers, whether the POS system is both capable and enabled to accept EMV cards. This week, we take the discussion a step further and present the confusion banks have caused by issuing PIN & Signature cards in the US, rather than the more secure and globally used PIN & Chip cards.

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Topics: EMV

The EMV Reality is Sinking In

Posted by Joe Musitano on Jan 7, 2016 11:42:38 AM

Over the holidays both retail employees and customers got a dose of EMV reality. As a customer armed with a new EMV chip card approached a terminal to pay for his goods, he encountered a confusing situation. Some terminals didn’t accept chip cards and it was obvious he had to swipe. Others had a slot for pin cards and a swipe mechanism, and the clerk was quick to point out which to use. Others still allowed for the swipe, only to be followed by a loud beeping to instruct the user to use his chip. And then there were the EMV enabled terminals, with a slot visible to the card holder, but without the EMV functionality. Clerks, annoyed with the repetition, hastily made signs in some locations “officially” pointing out the shortcomings.

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Topics: EMV