Articles by Jonathan Corona

opinion

Upcoming Visa Price Changes to Registration, Transaction Fees

Visa is updating its fee structure. Effective April 1, both the card brand’s initial nonrefundable application fee and annual renewal fee will increase from $500 to $950. Visa is also introducing a fee of 10 cents for each transaction, and 10 basis points — 0.1% — on the payment volume of certain merchant accounts.

Jonathan Corona ·
opinion

Finding the Right Payment Partner

Whenever I am talking with businesses that are just getting started, one particular question comes up a lot: “How do I get a merchant account?” It’s a simple question, but it has a complicated answer.

Jonathan Corona ·
opinion

New Year, New Tools for Tackling Chargebacks

Happy New Year! Looking back, 2023 saw some important developments for the industry. Visa lowered the limit on credit card surcharges to 3%, AI continued growing fast and Mastercard published an update to its Business Risk Assessment and Mitigation (BRAM) program.

Jonathan Corona ·
opinion

Guard Against Credit Card Fraud During the High Season of Sales

Along with the spike in sales, however, December also sees an unfortunate increase in credit card fraud. In this article, we will explore why that is, as well as provide tips on how to safeguard your business and customers against potential threats.

Jonathan Corona ·
opinion

Ensuring Subscription Billing Is a Win-Win for Businesses, Customers

Subscription billing is one of the fundamental cornerstones of our industry. Marketing practices and processing technologies have evolved, but the basic concept has remained unchanged.

Jonathan Corona ·
opinion

Unveiling the Future With Mastercard's New AI Rules

As technology advances at an unprecedented pace, the role of artificial intelligence (AI) in driving innovation across industries has become crucial. The financial services sector, in particular, has recognized the potential of AI to improve efficiency, accuracy and customer experience.

Jonathan Corona ·
opinion

The Ins and Outs of Payment Gateways

Online transactions have become an integral part of our daily lives — and payment gateways play a vital behind-the-scenes role in ensuring these transactions are seamless and secure.

Jonathan Corona ·
opinion

In Payment Processing, Dishonesty Can Cost You

In a world saturated with misinformation and deceit, knowing the truth is paramount. This is doubly true in finance and banking, where maintaining credibility is essential.

Jonathan Corona ·
opinion

Increasing Conversions on Your Payment Page

Your payment page is the moment of truth for each person who visits your website. It’s the final chance for them to decide whether they want to remain just a visitor or become a paying customer.

Jonathan Corona ·
opinion

Verifying and Monitoring User-Generated Content

Cam and fan site operators have a responsibility to know their content providers and performers. Accusations of underage or unverified individuals appearing on screen can be highly detrimental to a business.

Jonathan Corona ·
opinion

Staying Ahead of the Compliance Game

With more people shopping online than ever before, digital payments have become the norm, driving unprecedented growth in the industry.

Jonathan Corona ·
opinion

Tapping Into Chargeback Prevention Strategies

It’s no secret that chargebacks can be a major pain point for business owners. Not only do they lead to lost profits, but they can also increase the risk of fraud and damage customer relationships.

Jonathan Corona ·
opinion

How to Navigate Visa's Updated Dispute Rules

The global pandemic with which I share a name catalyzed a sizeable shift in the digital movement of money. According to Visa, annual ecommerce growth was 20% and person-to-person payments grew to $378 billion in 2021.

Jonathan Corona ·
opinion

Choosing High-Risk Merchant Services

The demand for adult content is booming, and merchants in the industry are under pressure to meet customer demands regarding both products and services while also ensuring the whole customer experience is simple, pleasant and — most importantly — secure.

Jonathan Corona ·
opinion

Consumers Prefer Freedom of Choice With Payment Options

The ways consumers can spend their money are constantly evolving, becoming easier and more streamlined. Setting up your business to accept various types of payments should be just as simple.

Jonathan Corona ·
opinion

Payment Gateway Must-Haves for Small Businesses

There are many things to consider when shopping for the perfect payment gateway for your small business. Most of the top payment platforms for small businesses have several significant features and offer functionalities that enhance the payment experience for both merchants and their customers.

Jonathan Corona ·
opinion

Prepare Your Retail Business for the Holiday Shopping Season

It’s getting to be that time of year already and soon the shopping season will be in full swing. Before people had even settled on an idea for a Halloween costume last month, businesses were already shifting their focus to the holidays, kicking off another madcap spending season.

Jonathan Corona ·
opinion

WTF is KYC? Building a Foundation of Trust With Added Awareness

During the process of starting a new business, you will eventually come across a term that you may not have previously heard: KYC. It stands for “Know Your Customer,” and it is one of the first and most important steps you will need to take in order to get your company off the ground.

Jonathan Corona ·
opinion

Rapid Dispute Resolution Lives Up to the Hype

A little under a year ago in this publication, I wrote about my company’s plans to integrate with Visa’s Rapid Dispute Resolution, and explained in detail how RDR works to reduce chargebacks. Now, approximately 11 months later, we are happy to report it’s working as intended.

Jonathan Corona ·
opinion

Why You Should Have 3D Secure Authentication

Despite the enormous interest that traditional banks have in protecting the integrity and security of transactions, ecommerce fraud remains far more common than most people realize.

Jonathan Corona ·
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