Tag: prevention

How UK CCTV Crime Prevention is Shaping Business Security

Business security should always be at the top of a company’s priorities. Measures need to be put in place to protect the business. UK CCTV is playing a significant role in shaping business security. Installing CCTV systems is seen as an excellent tool in risk management for businesses and crime prevention.

It can help to deter theft and vandalism against a business while it can give reassurance to business owners and employees. UK CCTV systems are effective at reducing crime and are shaping business security.

With businesses finding issues such as anti-social behaviour, organised shoplifting and vehicle theft, CCTV is so important to help prevent these types of crimes. Installing CCTV can be vital to help prevent crimes as well as provide important evidence if a crime does occur.

A report from the British Security Industry Association (BSIA) states there are over 21 million cameras in operation. 

Here are some of the reasons why CCTV in the UK is so effective, and why crime decreased by 13% in places with CCTV compared to places without it. 

CCTV works as a deterrence

The main reason why UK CCTV is shaping business security is that it’s a deterrent for criminals. With the presence of CCTV cameras, it can stop those who intend to commit a crime from taking action. 

They are aware that footage will be taken and this footage could lead them to being charged. With this in mind, it can stop them from committing the crime. The possibility of being identified can prevent the action from being taken.

To make sure it’s an effective tool for business security, the UK CCTV system needs to be installed in the best place to stop criminals. It needs to be in the vision of those who encounter your business. It’s a good idea to find an external CCTV system that will cover the whole perimeter of your business.

While it’s a successful business security tool, you need to make sure you stay within the laws of data protection. You can make sure you stay within the law by checking out the government website before installing the UK CCTV system. 

Evidence for investigation 

When a crime does take place, the CCTV crime prevention footage can be used to help resolve the crime. It can provide vital information to those investigating what exactly occurred and action can be taken.

They can make vital identification using the CCTV footage and this could lead to the individual being charged. It’s also essential for insurance claims if an incident did occur that damaged your business.

Having the footage can also help you take steps to help your business security move forward and install measures to prevent further crimes from being committed.

Provides active monitoring

With the UK CCTV surveillance camera playing a vital role in business security, it allows those at the business to actively monitor what is happening at their business. 

A lot of the systems can now be managed while on the go and you can check in and take action quickly if any issues are detected. 

It can help you to be aware of exactly what is going on at your business quarters and to take action if necessary. You can hire security to monitor this for you and help shape your business security.

Commercial access control systems integrated with UK CCTV can also provide an added layer of security by regulating entry to business premises and verifying identities in real time, enhancing overall crime prevention and operational efficiency.

High-tech technology

As CCTV develops, smart CCTV is becoming more common for business security. The new CCTV technology can analyse the footage and inform the business about potential threats that could take place. They can spot any patterns and will inform the CCTV owner regarding any threats to the property or persons.

They can also inform about areas or facilities that are more dangerous so that businesses can put measures in place.

They also offer AI detection which can detect objects that could be suspicious and potentially harm your business. It’s also beneficial as it can identify criminals, so if a theft does occur, this can help with charges to occur.

Not only this, but it can help to diagnose genuine threats to the business. It can also offer faster responses, so that you can get quicker responses which could prevent further theft or threats to staff. These technological advances make this a must-have for shaping business security.

Conclusion

There are so many different types of CCTV systems and you should look at the benefits and negatives before installing one at your business quarters. You need to make sure that the CCTV that is installed is professionally installed by a reputable company. This will stop any errors occurring which could lead to failed recordings.

With the right coverage and the best features, CCTV crime prevention is helping growing businesses stay secure.

 

Cubic Launches AI-Enabled FleetWallet partnership with GoCar

Cubic³, a global leader in software-defined vehicle (SDV) solutions, today launches FleetWallet³, its AI-enabled in-vehicle payments platform designed to transform how commercial fleets, car-share companies and automotive OEMs manage fleet fuel and mobility payments.

FleetWallet³ is an AI in-vehicle payments solution that initially eliminates the need for physical fuel cards, prevents fraud and delivers seamless and compliant automation. By combining data intelligence with secure payments, it sets a new standard for AI connected and efficient fleet management and operations, all without additional hardware.

As part of its rollout, firstly across Europe, Cubic³ has partnered with GoCar, a leading car-sharing service, which will showcase FleetWallet³’s potential to support mobility providers, leasing companies and corporate fleets alike.

 Paul Foley, Commercial Director of FleetWallet³, said: “Fraud and card misuse remain some of the most persistent pain points for fleets and car-share providers. By integrating telematics with secure payments, our platform protects against both internal misuse and external compromise, delivering over 10% savings on fuel costs while dramatically reducing administrative overhead.”

Joe Quirke, Head of GoCar Ireland, commented: “Our partnership with FleetWallet³ aligns perfectly with GoCar’s commitment to smarter, more sustainable mobility. As an early adopter of this solution, we’re excited to demonstrate how secure, automated and increasingly intelligent payments can reduce risk and improve efficiency across shared mobility and fleet operations.”

The Platform Addresses Five Key Challenges:

 

  • Intelligent, Adaptive Fraud Prevention – Real-time telematics and data analytics help fleets prevent theft and misuse, unlocking over 10% in fuel savings while minimising manual reconciliation.
  • Seamless, Secure and Automated Payments – Fully integrated, PSD2-compliant fleet payments enable hands-free management across Europe’s strictest financial and tax regulations.
  • Real-Time Insights for Smarter Fleet Management – Transparent, data-driven reporting provides instant visibility into fleet performance and fuel consumption.
  • Centralised, GDPR-Compliant Control – A single platform to manage vendors and services securely, simplifying operations across Europe’s diverse fuel and mobility networks.
  • AI-Enabled Fleet Intelligence – FleetWallet³ will leverage AI to evolve with every transaction, learning from vehicle data to predict needs, optimise costs, and enable intelligent connected services.

The Future of AI-Powered Fleet Intelligence

 Looking ahead to 2026, Cubic³ is advancing FleetWallet³ with AI-powered fraud detection, Smart Transaction Intelligence, and predictive analytics. A new conversational assistant will let managers “talk to their data,” detect anomalies, and act instantly – building intelligence that helps forecast costs, cut emissions and drive real-time sustainability.

AI Partnerships and Software-Defined Vehicle Integration

As part of its ongoing AI roadmap, Cubic³ is exploring new data-exchange partnerships with fleet-management providers and automotive OEMs to unlock the next wave of intelligence – from predictive maintenance and driver-behaviour analytics to EV charging optimisation and machine learning.

This approach positions Cubic³ as the AI orchestration layer for software-defined vehicles, bridging operational, financial and environmental data into a unified intelligence ecosystem.

“AI marks a defining moment for FleetWallet³ and the mobility and automotive industries,” said Foley. “Leveraging this technology, FleetWallet³ will become a self-learning platform that evolves with every transaction – predicting needs and connecting services from parking and tolls to EV charging, transforming vehicles into intelligent hubs within a smarter, more sustainable mobility ecosystem.”

For more information, visit the FleetWallet³ website at www.cubic3.com/product/fleetwallet.

Finalists Announced for the 2025 Repak Resource Awards

Repak announced the finalists for the 2025 Repak Resource Awards. The newly named awards which replace the Pakman Awards are Ireland’s leading environmental and sustainability awards, and celebrate Ireland’s leaders in waste prevention, reuse, circular design, and community-led environmental initiatives.
The addition of two new categories; the Circular Community Award and the Circular Design Award celebrate community-led efforts and innovation in sustainable design. Each category in the programme highlights the creativity, leadership and impact of businesses tackling Ireland’s pressing environmental challenges.
Finalists this year include Dairygold Co-Operative Society, Meath Camogie, Rubbish Film Festival, An Post and the Paint Reuse Network. Community projects by Joe Bonner, Food Cloud, and Blessington Tourist Office & Blessington Allotments have also been shortlisted. This year, twelve winners will be announced at a ceremony at The Shelbourne Hotel on Thursday, 23rd October 2025.
The Repak Resource Awards are regarded as one of the most prestigious accolades in the environmental sector, honouring those who lead in sustainability and environmental efforts, including grassroots initiatives, design innovations and cross-sector collaboration, which are becoming essential drivers of circular change.
Each category winner is eligible for the Overall Repak Resource Award, which celebrates outstanding achievements in recycling and waste management, innovation and grassroots environmental action.
Further finalists include Flamers Ltd in the Innovation in Waste Resource Products or Services award category, IQUTECH in the Battery & WEEE Champion award category and Badger & Dodo in the Circular Design award category. Nominees for the ESG Leader award include Jason Carolan from Aldi, Kurt Kyck fromKMK Metals Recycling and Dr Sarah Miller from the Rediscovery Centre.
Commenting on the announcement of the 2025 Repak Resource Awards finalists, Repak CEO, Zoe Kavanagh said: “We have received an unprecedented number of entries, and I am delighted to announce the category finalists for the 2025 Repak Resource Awards. By expanding the focus beyond traditional waste management, the Repak Resource Awards aim to capture the full spectrum of circular innovation happening across the country.
The Repak Resource Awards recognise businesses, organisations, and community initiatives that demonstrate exceptional dedication not only to recycling and waste management, but also innovation in circular design, responsible resource use, and grassroots environmental action. We are excited to celebrate those who are leading the way to a greener, sustainable future for Ireland, and we look forward to welcoming all finalists to the awards ceremony on Thursday, 23rd October.”
The complete list of finalists for the Repak Resource Awards 2025 includes:
·         Battery and WEEE Champion
o    Castletroy College
o    IQUTECH
o    Aldi
·         Business Recycling Champion
o    Swords Pavilions
o    Boots Ireland
o    Dairygold Co-Operative Society
·         Environmental Education and Community Initiative
o    Rubbish Film Festival
o    Regional Waste Management Planning Offices
o    Dublin City Farm & Ecology Centre
·         Innovation in Waste Resource Products or Services
o    KMK Metals Recycling Ltd
o    Flamers Ltd
o    CJ Sheeran Limited
·         Circular Community Award
o    Food Cloud
o    Joe Bonner
o    Blessington Tourist Office & Blessington Allotments
·         Waste Prevention Award
o    Swords Pavilions
o    Rebox
o    The Paint Reuse Network
·         Waste Recovery Operator and Facility Award
o    KWD Recycling
o    LPP
o    Soltec
·         Circular Design Award
o    Kellanova
o    An Post
o    Badger & Dodo
·         Best Single-Use Plastic Initiative
o    Coghlan’s Bakery
o    Glenpatrick Spring Water Ltd & Kilkenny Nutritional Ltd
o    Shabra Plastics & Recycling Ltd
·         Best Deposit Return Initiative
o    Meals on Wheels Courtown
o    Lidl Ireland
o    Meath Camogie
·         Tyre Champion
o    Addible Ltd
o    Heffernan Tyres
·         ESG Leader Award

o

  • Kurt Kyck from KMK Metals Recycling
  • Jason Carolan from Aldi
The 2025 Repak Resource Awards are proudly sponsored by AMCS, Circol ELT, Department of Climate, Energy and the Environment, DNV, Environmental Protection Agency, European Recycling Platform, Irish Waste Management Association (IWMA), Local Authorities of Ireland, Panda, Re-turn, and WEEE Ireland.
For more information, visit https://repak.ie/resource-awards

How to Choose the Right Fraud Prevention Tools for Your E-commerce Business

In the fast-paced world of online retail, fraud remains a persistent and growing concern for e-commerce businesses. From stolen credit cards to account takeovers and refund fraud, the threats are evolving rapidly. To protect their businesses and customers, online retailers must invest in robust fraud prevention tools. However, with so many options available, choosing the right ecommerce fraud prevention software can be a daunting task. This article provides a step-by-step guide to help you select the best tools tailored to your e-commerce business while ensuring comprehensive protection.

  1. Understand the Types of E-commerce Fraud

Before diving into the selection process, it’s crucial to understand the most common types of e-commerce fraud. This will help you identify the specific threats your business might face and choose tools that address those vulnerabilities. Common fraud types include:

  • Payment fraud: Stolen card details used for unauthorized purchases.
  • Account takeover: Hackers gain access to customer accounts to make fraudulent purchases.
  • Chargeback fraud: Customers make false claims to receive refunds for legitimate purchases.
  • Refund fraud: Fraudsters exploit refund policies to steal money.

By understanding these threats, you can narrow your search to tools that specialize in mitigating the risks associated with each type of fraud.

 

  1. Identify Your Business Needs

No two e-commerce businesses are exactly alike. A small online store will have different fraud prevention requirements compared to a global retailer. Start by assessing your business size, transaction volume, and the level of risk you face. Key questions to consider include:

  • What is your average order value (AOV)?
  • Do you operate in high-risk industries?
  • How many transactions do you process daily or monthly?
  • Do you sell internationally, and if so, how diverse is your customer base?

Understanding your business needs ensures that you invest in tools that align with your operations and budget.

 

  1. Look for Real-Time Fraud Detection

One of the most important features in any fraud prevention tool is the ability to detect and prevent fraudulent transactions in real-time. Tools that use artificial intelligence (AI) and machine learning are particularly effective, as they can analyze data patterns and behaviors to identify suspicious activity instantly. Real-time fraud detection helps you stop fraud before it happens, reducing financial losses and protecting your customers.

 

  1. Evaluate User Authentication Features

Strong user authentication is critical in preventing account takeovers and unauthorized transactions. Look for tools that offer multi-factor authentication (MFA), biometric authentication, and behavioral analysis. These features ensure that only legitimate users can access accounts and complete transactions, adding an extra layer of security.

 

  1. Ensure Scalability and Flexibility

As your e-commerce business grows, so will the complexity of fraud risks. Choose fraud prevention tools that are scalable and can adapt to your business’s evolving needs. For instance, tools that support cross-border transactions, multiple payment methods, and diverse fraud scenarios are ideal for businesses expanding into new markets.Flexibility is also important. Some fraud prevention tools allow customization, enabling you to set specific rules and thresholds based on your business model. This ensures that the tool is not only effective but also aligned with your unique requirements.

 

  1. Prioritize Ease of Integration

When selecting fraud prevention tools, consider how easily they can integrate with your existing e-commerce platform, payment gateways, and customer relationship management (CRM) systems. Seamless integration minimizes disruptions to your operations and ensures that the tools work harmoniously with your current technology stack. Many fraud prevention solutions offer pre-built integrations for popular platforms like Shopify, Magento, and WooCommerce.

 

  1. Analyze Reporting and Analytics Capabilities

Fraud prevention is not just about stopping fraud—it’s also about learning from it. Tools with robust reporting and analytics capabilities allow you to monitor fraud trends, assess the effectiveness of your strategies, and make data-driven decisions. Look for tools that provide detailed dashboards and reports, giving you a clear picture of your fraud landscape.

 

  1. Compare Costs and ROI

While fraud prevention tools are an investment, it’s essential to evaluate their costs in relation to the potential losses they can help you avoid. Many providers offer tiered pricing based on transaction volume or features, so you can find a solution that fits your budget. Remember, the right fraud prevention tool will not only save you money but also protect your reputation and customer trust.

 

  1. Check for Customer Support and Reliability

Fraud prevention is a 24/7 concern, so you need tools that come with reliable customer support. In the event of an issue or suspected fraud attack, quick assistance can make all the difference. Look for providers that offer round-the-clock support through multiple channels, such as live chat, email, and phone.

 

  1. Research Reviews and Case Studies

Before finalizing your decision, research customer reviews and case studies to understand how the fraud prevention tool has performed for other businesses. Pay attention to feedback from businesses similar to yours, as this can provide valuable insights into the tool’s effectiveness and ease of use.

 

Conclusion

Choosing the right fraud prevention tools for your e-commerce business is a critical step in safeguarding your operations, customers, and reputation. By understanding the types of fraud, identifying your business needs, and prioritizing features like real-time detection, scalability, and user authentication, you can find a solution that offers comprehensive protection.Investing in the right tools is not just about reducing losses—it’s about fostering trust and ensuring a secure shopping experience for your customers. When evaluating options, consider providers that specialize in ecommerce fraud solutions, as they are tailored to meet the unique challenges of online retail. With the right tools in place, you can focus on growing your business while staying one step ahead of fraudsters.

Tech-Enabled Safety: How Digital Solutions are Transforming Injury Prevention in the Workplace

In today’s fast-paced work environment, safety is a top priority. According to the U.S. Bureau of Labor Statistics, there were nearly 3 million non-fatal workplace injuries reported in 2021 alone. These incidents not only affect employees’ health but also impact productivity and increase costs for businesses. With the rise of technology, there is a unique opportunity to enhance workplace safety through innovative digital solutions. This blog explores how tech-enabled safety is revolutionizing injury prevention, showcasing examples of how organizations can leverage these tools to create a safer working environment.

As companies increasingly adopt digital solutions, the landscape of workplace safety is changing dramatically. Technologies such as wearables, mobile apps, artificial intelligence (AI), and the Internet of Things (IoT) are transforming how businesses monitor and manage safety risks. By integrating these tools into their safety protocols, organizations can proactively address potential hazards, leading to a significant reduction in workplace injuries. This blog will delve into the current state of workplace safety, examine digital solutions, highlight successful case studies, and discuss the benefits and challenges of implementing these technologies.

The Current State of Workplace Safety

According to a law firm, workplace injuries remain a pressing concern across various industries, from construction to healthcare. According to the National Safety Council, work-related injuries cost employers over $170 billion annually in direct and indirect costs. Common injuries include slips, trips, falls, and overexertion, which can lead to long-term disabilities and significant downtime. Traditional safety measures, while important, often fall short in addressing the dynamic nature of modern workplaces.

One major challenge in traditional safety practices is their reactive approach. Many organizations only address safety concerns after incidents occur, rather than preventing them proactively. This mindset can lead to a culture of complacency, where employees feel safe until an accident happens. To combat these issues, businesses need to adopt innovative strategies that leverage technology to enhance safety measures and create a more proactive safety culture.

Overview of Digital Solutions in Workplace Safety

Tech-enabled safety refers to the integration of digital solutions into workplace safety practices. These technologies provide real-time data, enabling organizations to identify and mitigate risks before they escalate into accidents. Various digital tools can enhance safety measures, including wearable technology, mobile applications, AI-driven analytics, and IoT devices.

Wearable technology, such as smart helmets and fitness trackers, allows employers to monitor employee health and safety in real time. These devices can track vital signs, fatigue levels, and exposure to hazardous conditions, providing invaluable insights for both employees and management. Mobile safety applications also play a crucial role by offering features like incident reporting, safety checklists, and training resources, making it easier for employees to stay informed and engaged in safety practices.

Case Studies of Successful Implementation

Many organizations have successfully implemented tech-enabled safety solutions, showcasing the transformative impact of these innovations. For example, a leading construction company adopted wearable devices that monitor workers’ movements and environmental conditions. By analyzing this data, the company could identify potential hazards and implement preventive measures, resulting in a 30% reduction in workplace injuries within the first year.

Another notable case involves a manufacturing firm that integrated AI-driven risk assessment tools into its safety protocols. These tools analyze historical incident data and employee behavior to predict potential safety risks. By leveraging this information, the company was able to tailor its training programs and improve safety measures, ultimately reducing incidents by 25% in just six months. These success stories demonstrate the effectiveness of tech-enabled safety solutions in creating safer workplaces and fostering a culture of continuous improvement.

Benefits of Tech-Enabled Safety Solutions

The benefits of tech-enabled safety solutions extend beyond just injury reduction; they also contribute to a healthier workplace culture and improved employee morale. One significant advantage is enhanced risk detection. Digital solutions allow organizations to identify potential hazards before they escalate into serious incidents. By providing real-time data, companies can respond quickly to emerging threats, ensuring the safety of their employees.

Additionally, real-time monitoring through wearable devices and IoT technologies fosters a proactive safety culture. Employees feel more empowered to report hazards and participate in safety initiatives when they see that their organization is committed to their well-being. This increased engagement can lead to a positive shift in workplace culture, where safety becomes a shared responsibility among all team members. Furthermore, data-driven decision-making enables organizations to refine their safety protocols continually, ensuring that they remain effective and relevant in an ever-evolving work environment.

Challenges and Considerations

Despite the numerous benefits of implementing tech-enabled safety solutions, organizations must also consider potential challenges. One significant barrier is the initial cost of adoption. Investing in new technologies can be expensive, particularly for small businesses with limited budgets. However, it is crucial to view this investment as a long-term strategy that can yield substantial returns in terms of reduced injuries and lower insurance costs.

Training employees to effectively use new technologies is another critical consideration. Ensuring that staff members are comfortable with digital tools requires ongoing training and support. Organizations must prioritize this aspect to maximize the potential of tech-enabled safety solutions. Additionally, companies should address concerns regarding data privacy and security, as collecting and storing employee data raises important ethical considerations. Establishing clear policies and practices around data management can help alleviate these concerns and build trust among employees.

Conclusion

In conclusion, tech-enabled safety is transforming how organizations approach injury prevention in the workplace. By leveraging digital solutions such as wearables, mobile applications, and AI-driven analytics, businesses can create safer environments and foster a culture of proactive safety. While challenges such as implementation costs and employee training must be addressed, the benefits of adopting these technologies far outweigh the drawbacks.

As we move forward in an increasingly digital world, it is essential for organizations to embrace innovation and prioritize employee safety. By investing in tech-enabled solutions, businesses not only protect their workforce but also enhance productivity and morale. The future of workplace safety lies in the integration of technology, paving the way for a safer, more efficient, and healthier work environment.

 

Data Breach Prevention Tips For Your Business

A data breach can significantly damage a business. It can result in the loss of proprietary information, damage to the company’s reputation, and costly remediation. The average data breach costs a business millions of dollars, but the impact extends beyond finances. How can a business prevent these attacks?

Data and Sensitive Information

To protect its data, a company must know where this data is located and what it contains. All data sets must be inventoried, and all locations must be determined. In addition, the company needs to regularly update its inventory and locations to ensure it is always aware of where data is. Furthermore, businesses that need a cloud fax provider or another third-party service must ensure the service selected conducts this inventory and knows the location of its sensitive client information.

Limit Access 

Business owners must limit access to sensitive data. Only those employees and contractors who must view this information should be granted access. Sadly, many business owners offer privileged access to those who don’t truly need it and put their data at unnecessary risk when doing so. By establishing and enforcing policies regarding privileged access, the business owner can reduce the risk of a data breach. They must ensure regular oversight of this data and use access management tools to facilitate and enforce the policies. 

Infrastructure Patches

IT security teams must monitor their networks and systems. When a security patch is offered, it needs to be used immediately. Zero-day exploits remain a problem today, so IT security teams must be aware of this and immediately take action when a manufacturer issues a software patch. Doing so will reduce the risk of unauthorized access to sensitive data.

Network Perimeter

Network perimeter security serves as the first line of defense against unauthorized access. Many companies use firewalls, and they may also benefit from intrusion prevention and detection systems. Access control lists are popular among business owners, and they often turn to other tools to ensure business data can flow internally while identifying and stopping outside threats.

Endpoint Security Controls

Every business needs endpoint security controls in place. For example, malware detection software is essential today. As the distribution of users and workloads expands, traditional perimeter security tools become less useful. Endpoint security, when properly implemented and managed, offers the highest level of security against internet-based threats.

Lateral Movement

When a cybercriminal successfully overcomes the company’s perimeter security, they immediately look for other systems they can access and infiltrate. Limiting unsanctioned lateral movement can stop them in their tracks. Microsegmentation is helpful because it establishes isolated network zones.

Data Encryption

Companies often focus on encrypting data during transmission. Sensitive data should also be encrypted at rest to prevent unauthorized parties from accessing it. Never assume a corporate network is secure. Always encrypt the data even as it moves internally.

Password Policies

Countless data breaches occurred because employees did not have robust passwords. Business owners must require passwords for all applications and services running on their network. These requirements might include a minimum password length, multi-factor authentication, or mandatory monthly or quarterly password changes.

Training

Any person with access to sensitive data must undergo comprehensive cybersecurity training. Employees and contractors are two groups that need this training. Whether intentional or unintentional, mistakes on the part of staff, contractors, and partners continue to be a significant threat to data security. This area is also the hardest to protect against. Regular training can reduce the risk.

Data breach prevention is essential. However, companies must also focus on other areas. Business owners must find the right mix of cybersecurity policies for their organizational risk appetite. When the right mix is found, business productivity increases while the risk of a security incident goes down. Every business wants this. 

How Chargeback Prevention Alerts Save Merchants Time and Money

Chargebacks can seriously damage your merchants and cause significant revenue losses, which is why chargeback prevention alerts are essential for businesses of all types and sizes. But what are chargeback protection systems, and how exactly do they save you time and money? Let’s try to answer this question together. 

What Are Chargeback Prevention Alerts?

To understand what a chargeback prevention alert is, we need to give the definition of a chargeback first. So, a chargeback is the procedure of refunding a customer after a dispute. From the customer’s point of view, chargeback is a great service that protects customers’ funds. At the same time, disputes are not good for businesses, especially if they are fraudulent, since they often come with significant money losses and reputation damage. Thus, chargeback prevention alerts, like Verififi or Ethoca, are the tools aimed at preventing disputes at early stages and, therefore, protect your merchants, revenue, and reputation.

How Do Chargeback Prevention Alerts Work?

In general, most chargeback prevention alerts have a similar work algorithm, which is the following:

  • The issuer notifies the chargeback prevention alert about a dispute
  • A special alert is sent to the merchant
  • Merchant issues a refund to prevent the chargeback procedure
  • The issuer receives an outcome

Of course, this workflow is generalized, and most modern services have sophisticated alerts that do more than just refund customers before a dispute is issued. So, in the next paragraph, we will talk more about merchant chargeback prevention services and their benefits for businesses. 

What Are the Benefits of Chargeback Prevention Alerts for Merchants?

It is needless to say, chargeback prevention alerts have plenty of benefits, so let’s talk about those in more detail.

  • Revenue losses prevention. As we have already mentioned above, disputes are costly, which leads to significant revenue losses, especially if we are talking about small businesses. Chargeback back prevention alerts help prevent unnecessary costs and therefore save you money. 
  • Penalty reduction. Not only do disputes require you to refund a customer, but also come with penalties, which often are pretty high. Luckily, high-quality alerts will protect you against chargeback and, therefore, penalties.
  • Time saving. It is a known fact that chargeback prevention systems save a lot of time on processing and resolving dispute requests, which is also a great benefit.
  • Approval rate growth. You probably already know that a high approval rate is important for smooth payment processing as well as the security of your merchants. Chargeback prevention alerts help significantly increase your approval rate.
  • Improved reputation. The fewer disputes you have — the better your reputation is, which is a pretty obvious benefit of most chargeback protection systems.

Of course, the most significant benefit for most businesses is definitely revenue losses prevention since business is all about making money. At the same time, all the benefits we mentioned above are pretty significant, which makes chargeback prevention alerts worth your attention. 

Chargeback Costs and How Do Alerts Save Money?

As we have already mentioned above, chargebacks are costly, but just how much? Well, except for the product or service refund fee (which might also be a problem if you provided a service or sold a product that cannot be returned and resold), there are also many chargeback fees. In particular, depending on the merchant’s agreement with their acquirer, a dispute fee might vary from $20 to $100 for a single chargeback request. That price includes transaction costs, operational fees, as well as marketing and acquisition expenses. For example, let’s say you sold a product that costs $100, and a customer requested a chargeback. If you do not have any prevention alerts, you will pay for the following:

  • Transaction value: $100
  • Transaction fee (usually 4%): $4
  • Product costs (usually 23%): $23
  • Marketing expenses (about 35%): $35
  • Operational costs (20%): $20
  • Chargeback fee: $25
  • Total: $207

So, basically, because of a chargeback, a $100 purchase will cost you twice as much. Moreover, you might also get pretty costly fines and penalties if you have too many disputes. Fortunately, chargeback prevention alerts can significantly reduce this cost since most systems prevent disputes and refund customers before a chargeback procedure is started. In other words, you will only lose the product or service value. Additionally, if the product is returned and can be resold, you won’t lose a penny. That’s pretty much how alerts save your money and protect businesses from financial losses.

What Chargeback Protection Services to Choose?

There are dozens of chargeback prevention alerts available on the market today, but some of them are worth your attention more than others. So, let’s take a brief look at the top three chargeback prevention alerts for businesses of all types and sizes.

  • Verifi. It is a chargeback prevention alert developed by Visa, which makes it perfect for Visa transactions (though it is compatible with other transactions, too). Verifi offers a wide variety of useful features, such as Rapid Dispute Resolution (RDR), Order Insight, CRDN, Compelling Evidence 3.0, and more. Such functionality provides transaction security and reliable chargeback protection that will save you money and protect the reputation of your business, and you can have all of that within Gemius CRM.
  • Ethoca. This dispute prevention service is also an efficient tool for preventing chargebacks, especially for Mastercard payments. Ethoca is a great way to eliminate chargebacks as well as protect your merchants from fraud thanks to its Fraud Insights feature that provides merchants with all the info about declines and disputes. The good news is that you can get Ethoca easily and completely stress-free within Germius.
  • Kount. Last but not least, Kount is one of the market leaders that will provide AI chargeback prevention solutions and automated fraud protection for your merchants. Though this service is pretty expensive, it is reliable and definitely won’t let you down.

These were the leaders that are surely worth your attention and, most importantly, money, so pick one of those and won’t go wrong.

Wrapping Up

Chargeback prevention is essential for businesses of all types and sizes since it does help reduce revenue losses. So, no matter if you have a small handmade pottery online store or a large corporation, chargeback protection is something you simply cannot neglect.

Tech Review – Kevin – Burglary prevention from Mitipi

Kevin is a different approach to home security and we mean different, on the face of it this looks like a bluetooth speaker and on the rear it looks like a lamp, In the real world it can also be used as a speaker and a lamp but the primary purpose of it is to secure your home and it also uses those features to secure it, this is a pretty clever idea and nobody would know the difference unless you told them because the light effects part faces the wall and the front speaker part faces out so it is best to say nothing here.

This is a simple plug in and play device from Mitipi that takes 5 mins or so to set up fully with all the customising involved which is not much however this only protects the room it is in so to speak so if you have one leave it downstairs, again you could leave it upstairs but in my opinion downstairs is best but you can add more to the set up if you like which is good and again they will all do the same thing from how you set it up which we go through in the video below.

Kevin comes with preset sounds or you can record your own which is fun but it is best you use the ones installed as the fun ones you could make would not be taken to seriously I dont think from clever burglars who these days do reconnaissance on houses or businesses and know who is in or out and at a given time, we show you these again below in the video and see the app screenshots.

So what does Kevin actually do then. KEVIN simulates your presence with different light scenarios projected through the device

KEVIN simulates your movements with different visual and shadow effects projected for one or more people KEVIN also  simulates your activities different sounds such as cleaning, cooking, discussions and playing.

The App 

 

Overall KEVIN is a simple plug in and go security system which works well and takes a different approach over traditional security measures and sits there in your house not looking suspicious it also doubles a a side lamp and a bluetooth speaker which makes it more useful than you think.  Check out the full video review below for all the details.

BUY

Video Review