All Posts Tagged With: "fraud"

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New Paypal Rules

Before the end of Q1-2008, Paypal will release its most aggressive buyer/seller protection policies to date. Over the past year, Paypal has experienced huge losses in the fraud arena and plans to combat this problem with the introduction of new front end screening tools at a cost to the end merchant in addition to a […]

24Jan2008 | Riley Poole | 22 comments | Continued
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Merchant 911 - True Industry Leadership

So often, people in the industry look to make that quick buck, everything from overcharging for PCI Compliance to gouging TMF merchants for international processing fees. The list goes on and on and yet it’s a good thing when we can see a true leader of the merchant community really try to give back to […]

20Jan2008 | Riley Poole | 6 comments | Continued
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Merchants Beware

So you are a small or even medium size merchant and trying to start your business. You go looking around for a merchant account and you find someone you think you can trust. A few days later and $1,000.00 spent and that trust is gone, along with your “deposit” or “processing fee”.
Over the past week, […]

13Jan2008 | Riley Poole | 7 comments | Continued
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Social Security Payments at Risk

In an effort to help reduce processing costs and increase efficiency, the Social Security Administration, in association with the Treasury Department, requested bids from several banks and ultimately settled on Comerica Bank (NYSE CMA) out of Texas to provide Social Security recipients with a prepaid debit card. While prepaid debit cards have become commonplace in […]

13Jan2008 | Riley Poole | 5 comments | Continued
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Merchant Service Providers Encourage Fraud and Chargebacks

So here is how the scam works, once one of the merchant providers hint at a problem with a merchant, they will begin applying restrictions, making unreasonable demands and reducing limits, all in the efforts to distract the end merchant. When the merchant eventually falters, the merchant service provider will hold back several weeks of […]

8Jan2008 | Riley Poole | 5 comments | Continued
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Telemarketing Scam Exposed

I read an interesting article today about a young woman named Kim Worman. The theme wasn’t that different than the many stories out in the blogosphere: poor woman gets taken in by some bogus charges on her credit card. Got me to thinking, it’s shocking the number of people unfamiliar with how this overall scam […]

6Jan2008 | Riley Poole | 7 comments | Continued
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Understanding Friendly Fraud

The “It Wasn’t Me” chargeback and what it means to eCommerce. If you are selling goods and services online for any length of time, you have probably felt the pain of the “It Wasn’t Me” chargeback. You know the product or service was provided or shipped but then, several weeks later, you receive a chargeback […]

5Jan2008 | Riley Poole | 7 comments | Continued
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Paypal Raises Fees & Alienates Merchants

Several years ago, many service providers such as Yahoo and Hotmail learned the hard way that when a user comes into a free service, getting them to move to a paid service is much harder than expected. While Yahoo had initially expected a conversion rate as high as 5%, less than 0.05% of users eventually […]

3Jan2008 | Riley Poole | 10 comments | Continued
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The Truth Behind Wal-Mart’s Video Download Unit

Wow, no company is immune to covering up the truth. For more than a week now, Wall Street has speculated about Wal-Mart discontinuing their Video download service and while many have accepted Wal-Mart’s public statement that the reason is Hewlett Packard’s lack of supporting the software anymore, we have to ask, who is kidding who?
Wal-Mart’s […]

3Jan2008 | Riley Poole | 3 comments | Continued

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