How the regulatory environment is changing to protect consumers, and what that means for specialized businesses By Shaun Lavelle, SVP & General Manager, Direct Marketing, Paysafe Group One of the US verticals poised for ongoing change in the coming year is the direct selling vertical, ...
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Chargebacks
Chargebacks
By Jeff Domansky A 15-month research study by global payments provider Vesta shows that from 10% to as many as 13% of card-not-present (CNP), online transactions may be fraudulent. Coupled with annual e-commerce growth of 32.4% in the US and 27.6% globally, the result is ...
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By Jeff Domansky, April 5, 2021 The New York Times recently broke the story about a payments scam by the Trump 2020 campaign as it struggled at the height of last fall’s election. Radio conspiracy host Rush Limbaugh raised dire warnings about the struggling Trump ...
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By Rafael Lourenco, EVP, and Partner, ClearSale March 25, 2021 As the world pivoted to online shopping, work, and learning last year, the timeline for mobile usage growth jumped ahead by two to three years in the first half of 2020. Many retailers rolled out shopping ...
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By Douglas Hall, Publisher, PaymentsNEXT As if shopping cart abandonment, false credit card declines, and the pandemic aren’t causing enough problems for retailers and online sellers, chargebacks continue to be a pain in the profits. In fact, Chargebacks.com estimates for every $100 in chargebacks, the true cost ...
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In the run-up to the Super Bowl LIV, iovation released its 2020 iGaming Report, providing an analysis of more than 4 billion online gambling transactions from the past 15 years and screened for fraud by the company. The biggest reported fraud for the third year ...
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When it comes to online fraud, US Thanksgiving was a turkey for online sellers as online fraud jumped 29% compared to 2018 according to new research from fraud prevention firm iovation. The company estimates 15% of total holiday long weekend online sales were potentially fraudulent. ...
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Payments fraud is growing at 14% year over year, faster than overall retail sales, and growth in mobile fraud is also accelerating. According to Juniper Research, retailers could lose as much as $130 billion between 2018 and 2023, reaching $7.2B by the year 2020. Fraud ...
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To help small and midsize business respond more effectively and reduce losses due to chargebacks, Verifi launched a new cloud-based service called Self-Service Chargeback Representment (SSCR). Chargebacks cost US merchants more than $19 billion in 2018 in lost profits, employee time, company resources, fees, and ...
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New research from the National Retail Federation (NRF) and Forrester show retailers, e-commerce sellers and payments industry leaders expect many changes in retail payments in the near future. 44% of retailers no longer require signatures for debit card transactions, 13% will eliminate them by the ...
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