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What are Friendly Fraud and Chargebacks and How to Prevent Them?

So, your merchants came back to you to ask why their estimated profits are steadily declining. Why their actual profits are way lesser than their projections?

Before suggesting the next steps, you check their account statement to realize that a couple of their customers have filed chargebacks against their deliveries. You come to the conclusion..

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Online Donation Collection via ACH for Non-Profits
Do you know why some non-profit organizations receive more funds than others? 
How Will Digital Payments Help Media Businesses Prepare for Holiday Sales?
The holidays are just around the corner. Organizations gear up for increased sales and customer interactions. Studies...
Payment Automation Trends for 2023
The digital age has driven more businesses to adopt new payment automation technologies. This transformation has...
Post-Pandemic Payment Trends That Are Most Likely Here To Stay
The COVID-19 pandemic was one of the most disastrous global calamities of the century. It was inevitable for businesses...
Future of Digital Payments in 2023
“There is no reason anyone would want a computer in their home,” said Ken Olsen, founder of Digital Equipment Corp., in...
The Importance of Setting Up A Payments Hub for Banks and Corporates
People processed a whopping 181 billion real-time transactions worldwide in 2021 - the highest in history. We used...
Top 10 Applications of Frictionless Payments
Digitization has almost entirely eliminated the need for cash and cards for shopping. No wonder why more and more...
SaaS Online Billing Solutions for Utility Bill Collection - Benefits and Guide
Utility companies must collect consumer bill payments on a fixed recurring weekly/monthly schedule. In the past,...

Suggested Blogs

Important Check 21 Return Codes (With Details)
Important Check 21 Return Codes (With Details)
“Here is your PRD printout with the check 21 return code. We are sorry we need to halt this check processing,” the teller...
5 Tips to Prevent Returned Mobile ACH Payments
5 Tips to Prevent Returned Mobile ACH Payments
“Are you kidding me? Another returned mobile ACH payments notification? I am so sick of these notifications! I don’t even...
Pending ACH Transaction? Here’s what to do!
Pending ACH Transaction? Here’s what to do!
“What is this? A pending ACH transaction? What does it even mean? Why can’t I access the funds right now! Does this mean...
Complete List of ACH Notification of Change (NOC) Codes
Complete List of ACH Notification of Change (NOC) Codes
“You made a mistake this time around. But don’t worry, I know it was not intentional. Therefore, this time I got your back....
ABCs of Third-Party Service Providers and Nested Third-Party Senders
ABCs of Third-Party Service Providers and Nested Third-Party Senders
In the previous blog, we discussed the roles and responsibilities of a third-party sender. We understood how funds flow...
List of 20 ACH Payment Gateway (SEC) Codes for Banks
List of 20 ACH Payment Gateway (SEC) Codes for Banks
In the previous blog on ACH Payment Gateway SEC Codes, we answered the following questions: What are ACH Standard Entry...
Rejected ACH Transaction? Here’s What to Do!
Rejected ACH Transaction? Here’s What to Do!
A rejected ACH transaction is common for business owners who process hundreds of transfers every day. Understanding why a...
What are P2P ACH Transactions?
What are P2P ACH Transactions?
The world of P2P ACH transactions is expanding to a whole different level. The year-on-year growth for the use of ACH...
Popular ACH Standard Entry Class Codes You Should Know
Popular ACH Standard Entry Class Codes You Should Know
Efficiency. Efficiency is one of the most critical things that the global financial system has mastered over the last...
What is FedNow, and How Does it Help You?
What is FedNow, and How Does it Help You?
To say that we expect a spike in the adoption of real-time payments in the future, is a gross understatement. Latest studies

iCheckGateway.com’s innovative solutions help you accelerate payments simply, securely, and reliably.

We help businesses accept and process payments with our suite of next-gen customizable fintech solutions. Our automated technologies help you carry out ACH and credit card transactions on a single easy-to-use platform.

Most Popular on Community Hub

5 Tips to Prevent Returned Mobile ACH Payments
5 Tips to Prevent Returned Mobile ACH Payments
“Are you kidding me? Another returned mobile ACH payments notification? I am so sick of these...
Pending ACH Transaction? Here’s what to do!
Pending ACH Transaction? Here’s what to do!
“What is this? A pending ACH transaction? What does it even mean? Why can’t I access the funds...
Complete List of ACH Notification of Change (NOC) Codes
Complete List of ACH Notification of Change (NOC) Codes
“You made a mistake this time around. But don’t worry, I know it was not intentional. Therefore,...