Fraud prevention provider Forter’s 2017 Fraud Attack Index, done in conjunction with the Merchant Risk Council (MRC), details the rate at which ecommerce fraud attacks increased in traditional retail verticals. The study found there was a 79% increase in ecommerce fraud for domestic holiday orders. See what else the study found.
Looking toward 2017, card not present fraud will likely continue to be a concern among merchants of all sizes. Take a closer look at card not present fraud along with five ways retailers can combat it.
Large multichannel, ecommerce and mcommerce merchants experience between 707 and 880 fraud attempts each month, and upwards of 60% of those attempts succeed. Here’s why merchants need to effectively dispute unjustified chargebacks, but also assess and change practices that may be contributing to errors or approval of unauthorized transactions.
Cross-border merchants need more information on which fraud mitigation solutions are best for cross-border transactions, according to LexisNexis Risk Solutions’ 2016 True Cost of Fraud Study. But ultimately, what LexisNexis wants merchants to go back to over and over is address verification. Here’s why.
While the changing environment for merchants, including mobile commerce and card not present (CNP) transactions, presents a number of payment fraud challenges, there are 5 that should take priority. Find out which ones you need to address now.
Vantiv and Cerdorax announced a partnership that bolsters the capabilities of Vantiv’s merchants to serve global consumers via card-not-present channels. Read why this relationship will allow Vantiv merchants to process and settle card payments in the local currencies of 34 countries.
A new study from Javelin suggests that while card-not-present fraud is expected to rise post-EMV in the U.S., outsourcing may help address the issue.
The parallel rise of fraud and spending doesn’t seem to add up upon first glance. As fraud increases throughout mobile and electronic commerce, some would think that spending throughout these channels would begin to decline. However, this is not the case.
With chip-and-pin card security being instituted in the U.S., experts predict ecommerce fraud will jump. Here are 5 things to help you deal with the issue.
Two new surveys demonstrated the growing expectation from millennials for same-day shipping, while relatively few retailers are offering it.