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How Refunds Affect Your Merchant Account

Cardfellow

But getting something back is better than nothing and helps mitigate financial loss of processing refunds. I’ll get into best practices to minimize refunds later in this article. Refund Best Practices So how do you avoid having to provide excessive refunds? Get documentation of the customer’s approval in writing.

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The Rise of Synthetic Identity Fraud in Financial Services

Fi911

Prevention & Mitigation Strategies Enhanced identity verification at account opening provides the best defense. Risk-based authentication adjusts verification requirements based on threat indicators. Members share data, best practices, and technology solutions.

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Want the Cheapest Credit Card Processing? Surcharging May Be the Answer

Stax

Implementing alternative payment options alongside surcharging can also help mitigate potential customer dissatisfaction, providing options for those who prefer to avoid the surcharge. Note: this can be mitigated with proper communication.) These options can help reduce costs without introducing surcharges.

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Mastering Presentation Skills for Financial Executives

Trade Credit & Liquidity Management

By following some basic tips and best practices, you can enhance your skills and deliver presentations with confidence, whether in person or online. Once you identify the source of your anxieties, you can take steps to mitigate your fear, making it at least manageable. You are not alone. This will help put you at ease.

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Does HSBC Net Zero Alliance Exit Signal a ‘Dangerous Disconnect’, or Will Only Time Tell?

The Fintech Times

HSBC has received a fair amount of criticism after it revealed that it was quitting the Net Zero Banking Alliance, a member-led initiative supporting banks to lead on climate mitigation, on 11 July. Was its decision justified, or has the bank come under fire for good reason?

Risk 45
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Recurring Billing: Definition, How it Works, and Best Practices

Stax

By the end of this guide, you’ll have `a clear overview of its operational framework, strategic benefits, best practices, and advanced strategies to maximize this powerful, rapidly rising payment tool. TL;DR Recurring billing is a powerful solution to streamline processes and enhance revenue generation and customer engagement.

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7 Best Practices for effective Account Reconciliations

Nanonets

Seven Best Practices for Effective Account Reconciliations From Mesopotamia's rudimentary ledgers tracking livestock and crops to the second-century BCE Indian treatise " Arthashastra ", accounting has been a cornerstone of economic management in any civilized society.