George Ralchev

George Ralchev, Head of Risk Management at emerchantpay, is an experienced risk expert, who has specialised in the risk management of eCommerce, card transactions and alternative payment methods for over 15 years. In addition to this, he has strong expertise in fraud prevention, credit risk, card scheme compliance and anti-money laundering. George leads emerchantpay’s risk management division, ensuring that risk services and products are delivered to an exceptional level, while empowering our partners and merchants to thrive and grow beyond borders. 

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The cost of data breaches: protecting small businesses from payment fraud

Payment data breaches are a threat with costly consequences for businesses. In fact, a major breach of a major payment system uncovered in September 2024 revealed that an unauthorised party accessed sensitive consumer data for nearly ten months. The compromised information included names, addresses, credit card details, expiration dates and more. Such incidents not only erode consumer trust but also leave businesses facing significant financial, legal and reputational repercussions.