The Effects of Online Credit Card Declines in the U.S.

Mar 09, 2014 8:34 PM  By

An independent study of 1k consumers found that 17 percent of consumers report having had their credit cards declined during card not present (CNP) transactions and as many as one-third of these declines were unnecessary. The result is consumer aggravation, increased operational costs for banks and credit card companies and as much as $40 billion in lost revenue for online retailers.  41st Parameter, a part of Experian, released the data from its TrustInsight division.

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