Click here to discover our Pay by Bank solution!

Login
Get in Touch
Articles Tagged with

Card Fraud

Open Banking Payments: 5 Ways Merchants Reap the Rewards

Open Banking Payments: 5 Ways Merchants Reap the Rewards

Open Banking is quickly becoming a popular alternative payment choice for merchants across Europe, empowering them to offer their customers with a swift, secure and seamless way to pay directly from their bank accounts. By embracing this capability, businesses across Retail, Hospitality, Automotive, Hardware and Services can enhance customer security, improve the checkout experience, and drive profitability. This blog highlights 5 ways merchants reap the rewards of Open Banking through reduced transaction fees, fraud mitigation, faster payments, enhanced customer experience and maximised payment success.

Innovating Remote Payments in Hospitality

Innovating Payments in Hospitality

Hotels and restaurants often need to take payments over the phone, but processing payments in this manner carry unique challenges with respect to compliance, high card & payments operations costs, vulnerability to chargebacks, and a guest experience with a bitter aftertaste. Facilitating secure and frictionless payment processes open opportunities for businesses to deepen their connection their guests, deliver a rich experience from start to finish, foster loyalty and gain a competitive advantage. Trusted by some of the world’s most luxurious hotels, Prommt Payment Requests are innovating guest payments across all areas of hospitality – reservations, meetings and events, food & beverage and spa – making the remote buying process more secure, efficient and effective for team management.

How to build loyalty with Luxury’s new generation of shoppers

How to build loyalty with Luxury’s new generation of shoppers

The anticipated emergence of Millennials and Gen-Z into the luxury retail space is here. Currently accounting for approximately 50% of luxury sales across the globe, this figure is expected to exceed 70% by 2025 (Bain & Co., 2022). As modern technology and evolving customer mindsets shape the landscape of high-value retail, the lines between physical and digital touch points continue to blur. At Prommt we have noticed that many of our luxury clients are incorporating a more personalised communications strategy that extends to payment collection and beyond, in order to foster relationships with repeat customers. We believe that by developing a business strategy where digital and in-store interactions complement rather than compete with each other, brands are able to successfully create bespoke shopping experiences that connect and leave a lasting impression. Luxury’s new generation of hybrid shoppers expect to engage with brands through multiple channels simultaneously. Read our latest market insight piece to learn how an omni-channel approach to payment flexibility focused creating bespoke experiences opens opportunities to enhance the way retailers interact with customers, building stronger and more enduring relationships.

How to Reduce Fraud this Festive ShoppingSeason

How to Reduce Fraud this Festive Shopping Season

Black Friday and Cyber Monday are synonymous with big sales and deal bonanzas that kick-start the festive shopping season. These deals are not just online or in-store, many purchases, particularly high-value, luxury purchases are often done over the phone in consultation with the retailer. There is often a sharp increase in online and mobile banking fraud during this time of year, which usually occurs when sensitive payment details including PIN codes are misappropriated. The value of unauthorised electronic payment frauds stood at €21.5 million for the second half of 2021 in Ireland. Keep security top of mind this festive season by minimising fraud & chargebacks with Prommt’s secure, trusted, branded payment requests.

The Payment Collection Platform Collect Overdue Invoices through Card or Bank

Collect Overdue Invoices through Card or Bank

Collect overdue payments through Card or Bank transfer with Prommt’s personalised and secure payment links sent through SMS and Email. Our Advanced Pay-by-Link Solution helps credit controllers in businesses such as Chadwicks, Robert Price, Kew Electrical, Magnet and Lords Credit Control chase remote payments avoiding the risk of card fraud & chargebacks, and efficiently manage personalised payment plans. Bring greater speed, efficiency and convenience to your remote payment collection with Prommt.

Enhance Fan Experience and Grow Revenue with Prommt’s Advanced Pay By Link Solution for Sports Hospitality

Enhance Fan Experience and Grow Revenue with Prommt’s Advanced Pay By Link Solution for Sports Hospitality

Are you still processing payments riskily over the phone or receiving card details through email or WhatsApp, resulting in a poor fan experience and causing you PCI & GDPR/UK DPA compliance concerns? Prommt is an advanced payment request platform that allows you to send secure, branded payment links via email & text message. Our trusted payment links outsource card number entry to the customer, and shift fraud liability to the card issuer and away from the merchant. We partner with all of the main payment providers in the UK, including Barclaycard, Clover/Fiserv, WorldPay and Global Payments.

Grow Revenue with Prommt’s Advanced Pay By Link Solution for Sports Hospitality

Grow Revenue with Prommt’s Advanced Pay By Link Solution for Sports Hospitality

Are your teams still processing payments over the phone or receiving card details via email or WhatsApp? Prommt enables you to take remote payments by SMS and Email using our secure PCI compliant checkout, avoiding the risk of data breach. Insecure storage and transmission of cardholder data puts your revenue at risk through card fraud and chargebacks, not to mention the reputational damage from data breach.

Risks of Card Fraud and Chargebacks in Sports Hospitality

Risks of Card Fraud and Chargebacks in Sports Hospitality

All merchants accepting debit and credit card payments run the risk of being liable for chargeback disputes, costing their business valuable time, money and resources. Moreover it risks reputational damage and the termination of merchant accounts, as banks may penalise businesses that incur chargebacks beyond a certain threshold. Prommt’s trusted payment links outsource card number entry to the customer, and shift fraud liability to the card issuer and away from the merchant.

Login
Demo