According to Expert Market, the latest chargeback fraud statistics are as follows: A customer who is successful in filing – and winning – a chargeback dispute is nine times as likely to initiate another one. 40% of consumers who file a chargeback will do it again within 60 days. 81% of customers admit to ‘convenience’ […]
Wizzit Tap-on-Phone can reduce Chargeback fraud Read More »
We have recently heard the news about Apple entering the Tap-On-Phone market. As more and more merchants and SME’s move away from cash, the use case of utilising your phone as a POS (Point of sale) device becomes extremely relevant and valuable for these businesses. We have been asked on many occasions, what do we
Apple entering the SoftPOS World Read More »
According to Payments Cards and Mobile (1 Feb 2022), the digital payments industry will soon be worth a staggering $476,1 trillion. They further predict that 74% of this will be handled by non Financial Service Institutions (FSI). Despite the fact that traditional FSI’s will double their spending on payments technology to $80,3 billion by 2030,
Who will dominate the $476 trillion payments market? Read More »
According to a 2021 study by Juniper Research, the global number of smartphones being used for Soft POS payments will increase from 3.2 million in 2021 to almost 24 million in 2026. Soft POS represents an incredible opportunity to connect increasing consumer demand for new payment choices with a growing number of merchants seeking a
The use case for Mobile phones as POS Read More »
As a small business looking to accept card payments, it is crucial to understand what a merchant account is, why it is needed and how it works. A merchant account is an account that holds the trader’s money from their card sales before it transfers to their business bank account. The movement of these funds
Understanding a Merchant Account Read More »
Over the past 2 years, we have seen an enormous amount of development in the payment sector. This has granted a strong boost to e-commerce payments but also new innovative ways to enhance customer checkouts on the ground. Buy Now Pay Later (BNPL) has grown in popularity across the US and is making headway into
Payment Trends to keep an eye for in 2022 Read More »
What may have seemed like technological fantasist’s dreams just a few years ago, contactless payments have become a norm to many people globally and continue to gain traction across the globe. In the UK, more than a quarter of all payments are now made using contactless payments. Contactless payments offer the consumer the ultimate experience
Contactless Payments – PIN Entry Read More »