Read SegPay’s Thoughts on Key Billing Trends in Three Recent Articles


SegPay CEO Cathy Beardsley was quoted in three recent pieces covering billing trends on

Credit Card Processing Today: Decline or Dominance? looks at the current, and future, payment landscape amid the growing number of payment options available:

SegPay CEO Cathy Beardsley points to the need for companies to move money and tells XBIZ that many merchants are having trouble opening bank accounts to have their funds settled.

“Banks are nervous about non-vendor payments to affiliates and models where it is difficult to ensure the know your customer (KYC) requirements,” Beardsley explains. “Third-party solutions such as Payoneer, Paxum and PayrNet are good alternatives to help fund marketing partners and models.”

In Shifting Regulations: Keeping on the Straight and Narrow, XBiz asks how changes in regulations are impacting billing:

SegPay CEO Cathy Beardsley agreed there is some good news for merchants from Visa.

“After a year of tough changes and new enforcement of merchant location rules and new E.U. chargeback standards, Visa will be updating its chargeback policy to limit clustered chargebacks to 10 per account,” Beardsley said. “This goes a long way for the cam market, as cam sites often become victims of ‘friendly fraud’ where a consumer will chargeback months of token purchases.”

Beardsley told XBIZ the updated policy provides relief to the merchant in a scenario where a consumer takes advantage of the liberal chargeback policies associated with online purchases.

“Visa will also be reducing the chargeback penalty,” Beardsley revealed, “from $100 per chargeback to $50 for those merchants that exceed the one percent/100 count chargeback threshold.

“There will continue to be regulatory pressure on dating and escort sites as the federal government continues to pursue human trafficking,” Beardsley concluded. “These sites will be looked at with a close eye to make sure they are on the up and up.”

Finally, A Road Less Traveled: Accepting Alternative Payment Solutions looks at the state of non-credit-card payment methods:

SegPay CEO Cathy Beardsley agrees that alternative payments are going strong.“Localized and alternative payment solutions can have a big impact on throughput,” Beardsley told XBIZ. “Adding new payment options will be a big push for SegPay in the fourth quarter and in the new year.”

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