Blog

20
Jul

What are the most difficult problems in the consumer payment industry?

Posted by | No Tags | E-Commerce Payments Insights · Zooz Quora Corner

  The payment industry is extremely dynamic, with different challenges rising as developments take place. New payment methods, security regulations, and processing terminals necessitate merchants to adapt their businesses to evolving consumer needs at the different shopping channels.   Three major payment industry problems come to mind when addressing challenges […]

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13
Jul

Everything you need to know about credit card chargebacks

Posted by | · · · | Zooz Quora Corner

What are credit card chargebacks? Credit card chargebacks refer to when a cardholder disputes a transaction that he/she doesn’t recognize from a credit card statement. The cardholder files chargeback documentation to the credit card company and the credit card company or bank communicates with the merchant, who must find evidence […]

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06
Jul

Behind the scenes of every online payment

Posted by | · · · · · · | Zooz Quora Corner

  In terms of transaction processing, an online payment works the same way as an in-store payment. The major difference between paying on online and offline channels is the user experience: In a brick-and-mortar store, a consumer pays by giving the retailer a credit card (or another form of payment), whereas […]

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30
Jun

What is an online payment gateway?

Posted by | · · | Zooz Quora Corner

  An online payment gateway is one of the processing components of the back office payment route which takes place after the shopper’s card is swiped or tapped. When a payment is transacted, the data about the payment is transported through an online payment gateway to a payment processor or acquirer. The […]

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22
Jun

EMV Chip Cards: The advantages over magnetic stripe cards

Posted by | · · · · · · | Zooz Quora Corner

    Before discussing the advantages of the EMV chip cards (or chip-and-pin cards) as compared to magnetic stripe credit cards, let us first define these two terms: EMV takes its name from the card schemes Europay, MasterCard, and Visa – the original card schemes that developed it. It is […]

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