xbiz world
xbiz premiere

Articles by Jonathan Corona

opinion

How Adult Website Operators Can Cash in on the 'Interchange' Class Action

The Payment Card Interchange Fee Settlement resulted from a landmark antitrust lawsuit involving Visa, Mastercard and several major banks. The case centered around the interchange fees charged to merchants for processing credit and debit card transactions. These fees are set by card networks and are paid by merchants to the banks that issue the cards.

Jonathan Corona ·
opinion

Creating Payment Redundancies to Maximize Payout Uptime

During the global CrowdStrike outage that took place toward the end of July, a flawed software update brought air travel and electronic commerce to a grinding halt worldwide. This dramatically underscores the importance of having a backup plan in place for critical infrastructure.

Jonathan Corona ·
opinion

Maintaining Payment Processing Compliance When the Goalpost Keeps Moving

VIRP is the new four-letter word everyone loves to hate. The Visa Integrity Risk Program went into effect last year, and affects several business types — including MCC 5967, which covers adult and anything else with nudity, and MCC 7273, dating services that don’t allow nudity.

Jonathan Corona ·
opinion

Understanding Visa's New Risk Rules for Age Verification

Visa has recently implemented new rules regarding age verification for certain types of transactions. These rules are designed to enhance security and reduce fraud, particularly for transactions involving age-restricted products or services. Here’s what merchants need to know about these changes.

Jonathan Corona ·
opinion

Unpacking the Payment Card Industry's Latest Data Security Standard

The Payment Card Industry Data Security Standard (PCI DSS) is a set of requirements and guidelines that apply to all businesses that accept credit card payments, and is designed to ensure the security of those transactions.

Jonathan Corona ·
opinion

Bridging Generational Divides in Payment Preferences

While Baby Boomers and Gen Xers tend to be most comfortable with the traditional payment methods to which they are accustomed, like cash and credit cards, the younger cohorts — Millennials and Gen Z — have veered sharply toward digital-first payment solutions.

Jonathan Corona ·
opinion

Navigating Fraud Prevention in Credit Card Transactions

In the digital age, credit card transactions are essential to global commerce, providing unmatched convenience for consumers and businesses alike. With this convenience, however, comes the risk of credit card fraud, which can result in considerable financial losses and harm brand reputation.

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 settled 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 ·
Show More