As with ecommerce in general, merchants who prioritize fraud prevention and detection will benefit the most from affiliate marketing relationships, while those who don’t do their research are putting their revenue stream, reputation and banking relationships at risk.
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.
The PCI Security Standard Council explains 3 ways that companies can fight cybercrime: chip-and-pin cards; tokenization; and point-to-point encryption.
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.
When it comes to fraud, international merchants are just as susceptible. See what challenges international merchants face when it comes to fraud.
EMV greatly reduces the impact of in-store fraud, as the new cards with embedded chips generate a unique token for each transaction, making them difficult or impossible to counterfeit. But by almost all estimations, the U.S.’s move to EMV will lead to massive increases in ecommerce fraud, perhaps even more so than countries like the U.K. and Australia.
The 2015 LexisNexis True Cost of Fraud study offers important insights into the profound effects of fraud on merchants, consumers and financial institutions. It establishes the actual cost of fraud as witnessed by merchants and provides key findings and specific recommendations for the industry.
“Friendly fraud” or charge fraud occurs when consumers initiate unwarranted chargebacks for items they purchased in an attempt to avoid paying for them. Here are six tips to help you prevent credit card chargebacks and friendly fraud:
As October 2015 EMV deadline approaches, it is important for retailers to be fully aware of the possible increase in online fraud, see what this means for retailers in preventing the increase.
A nationwide mandate to shift toward EMV begins in October 2015, and recent research from the National Retail Federation found that most retailers are unprepared.