• Home
  • Community Banks
  • Merchants
  • News
  • Home
  • Community Banks

    Community Banks

    We take pride in creating a merchant services program that complements each of our partners’ unique circumstances within its respective community, all while maximizing the program’s efficiency and revenue opportunities.

    About the Program

    Bank Home
    Dashboard
    Ancillary Products
    Program Overview
    Marketing Resources
  • Merchants
  • News

    FiNet & Industry News

    44% of consumers say they would switch merchants over card surcharges

    June 15, 2022
    Read More »

    Retailers Face Brand New Competitor: Gas Prices

    March 7, 2022
    Read More »

    Bank groups spell out payments industry concerns

    December 10, 2021
    Read More »

    23% Global eCommerce spike coming between Thanksgiving and Cyber Monday

    November 23, 2021
    Read More »

    CBD Payment Processing Has Arrived

    November 11, 2021
    Read More »

    How banks and payments providers can protect customers, merchants from fraud threats

    October 4, 2021
    Read More »
  • Contact Us

    Contact Us

    Our industry-leading service team and business consultants are just a phone call or click away. 

    p:  800.487.5577
    f:   866.476.8416

    info@finet.net

    Facebook Twitter Youtube

    Hours of Operation

    Monday – Friday: 8:30 am – 5:00 pm ET

    After-hours “emergency” support is available by calling the appropriate 24/7 help desk for your processing service. Consult your program documentation or the sticker on your terminal hardware for the appropriate contact information.

     

  • Home
  • Community Banks

    Community Banks

    We take pride in creating a merchant services program that complements each of our partners’ unique circumstances within its respective community, all while maximizing the program’s efficiency and revenue opportunities.

    About the Program

    Bank Home
    Dashboard
    Ancillary Products
    Program Overview
    Marketing Resources
  • Merchants
  • News

    FiNet & Industry News

    44% of consumers say they would switch merchants over card surcharges

    June 15, 2022
    Read More »

    Retailers Face Brand New Competitor: Gas Prices

    March 7, 2022
    Read More »

    Bank groups spell out payments industry concerns

    December 10, 2021
    Read More »

    23% Global eCommerce spike coming between Thanksgiving and Cyber Monday

    November 23, 2021
    Read More »

    CBD Payment Processing Has Arrived

    November 11, 2021
    Read More »

    How banks and payments providers can protect customers, merchants from fraud threats

    October 4, 2021
    Read More »
  • Contact Us

    Contact Us

    Our industry-leading service team and business consultants are just a phone call or click away. 

    p:  800.487.5577
    f:   866.476.8416

    info@finet.net

    Facebook Twitter Youtube

    Hours of Operation

    Monday – Friday: 8:30 am – 5:00 pm ET

    After-hours “emergency” support is available by calling the appropriate 24/7 help desk for your processing service. Consult your program documentation or the sticker on your terminal hardware for the appropriate contact information.

     

Fraud

Tough Year Had Some Positives for Retail Fraud Teams, Says Report

FiNet
April 5, 2021

Retailers faced an existential threat in 2020 as stay-at-home orders in the wake of the Covid-19 pandemic essentially shut down face-to-face retail through much of the year. Retailers responded by beefing up their e-commerce offerings, but many were unfamiliar with the threats posed to online businesses due to fraud. Payment fraud, account takeover and return abuse were some of the threats merchants faced at an elevated rate last year.

While many of the risks were higher last year, though, the pandemic did carry some good news for retail fraud teams, according to a recent study. More than three quarters of respondents to a survey conducted by antifraud technology provider Ravelin reported an improvement in the perception of the fraud team among the wider business.

While fraud rose, the report said, online sales rose much faster, benefitting retail fraud teams overall. In fact, a slim majority (51 percent) said the pandemic had a positive or very positive effect on their business fraud operations. U.K. merchants had a slightly more positive outlook than their American counterparts.

The report also found retail fraud teams are, on average, bigger than those serving other industries (especially those that sell electronics), and that 72 percent of respondents expect investment in the fraud team to grow in 2021.

Source: CardNotPresent.com


Payments trade group praises federal Covid relief programs
Previous Article
Thinking outside the box on serving small businesses
Next Article

7355 California Avenue
Boardman, OH 44512
p: 330.702.8415
    800.487.5577
f: 330.702.8416
    866.476.8416

© 2022 FiNet, Inc.

FiNet is a registered ISO/MSP of BMO Harris Bank NA

Privacy Policy
Envelope Facebook-f Twitter Linkedin Youtube

Community Banks

Community Banks Home
Program Overview
Dashboard
Marketing Resources
Ancillary Products

Merchants

Processing Services
Business Mgmt/Payments
Retail POS Systems
Additional Solutions
FREE Cost Analysis

Company

News
Contact Us
Click to access the login or register cheese