Many small and medium-sized businesses (SMEs) that cater to other businesses are not familiar with the concept of e-commerce. However, they recognize the significance of e-commerce in the process of digital transformation. We have seen how personalized marketing has...
In Hong Kong, holding public fundraising activities in public places(1) require prior application and approval from the Social Welfare Department, such as flag day or street charity sales. If the time of e-flag selling is close to the approved flag-selling day, or has...
3DS1 will be discontinued by payment networks from October 2022, and have mandated the ecosystem to upgrade to 3DS2. Please see below deadlines to ensure you have updated 3DS to avoid disruption: American Express – 14 October 2022 Discover / Diners – 14 October 2022...
Visa’s Latest Dispute Rule Updates: Evolution of Compelling Evidence Effective from 15 April 2023, Visa will implement new standardisation of data to enhance chargeback processing. This update particularly covers card-not-present (CNP) chargebacks regarding the...
While the original 3-D Secure protocol was developed more than 15 years ago to mitigate fraud in ecommerce transactions, the acceleration of ecommerce in recent years calls for greater payment security as fraudsters also turn to digital. 3-D Secure 2.0 addresses the...
The payments industry is experiencing a shortage of Bank Identification Numbers (BINs), as a result of growing digital payment innovation in recent years. BINs comprise the first six numbers of the primary account numbers (PAN), also visible as the first six digits on...
