By Jeff Domansky, Jan 15, 2021 New research from Forter shows merchants losing billions of dollars in missed opportunities as they struggle to balance the growing incidence and cost of fraud with the impact of false declines of good customers, particularly for new online shoppers ...
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Credit Card & Online Fraud
Credit Card & Online Fraud
By Jeff Domansky, Dec 15, 2020 It’s beginning to feel a lot like Christmas and that means last-minute online shopping, higher incidence of fraud, potential delivery delays, and the expectation of a record number of gift and online shopping returns. We’ve got a few holiday ...
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By Rafael Lourenco, EVP, ClearSale Can online merchants earn more customer trust by talking about fraud? Yes, according to a recent survey of more than a thousand US online shoppers. It sounds counterintuitive, but raising the topic of fraud can reassure customers that your online ...
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By Douglas Hall, Publisher, PaymentsNEXT E-commerce fraud prevention leader Forter released its ninth Fraud Attack Index, providing in-depth insight into the impact of COVID-19 on online buyer behavior and e-commerce fraud trends. Key among its findings were a five times growth in new online account ...
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When it comes to online fraud globally, there’s good news and there’s bad news. According to a new report from TransUnion, the good news is online business fraud dropped 9% from the first phase of the pandemic (Mar 11 – May 18) and the second ...
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There’s no question e-commerce is booming for many reasons during the global pandemic. There’s one other huge growth industry during this same timeframe. It’s something I call a “scamdemic” – a pandemic of payments and financial fraud that’s costing consumers and businesses billions of dollars. ...
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Not only is COVID-19 wreaking havoc on the health and finances of consumers around the world, but scammers are also having a field day, surging past $105 million in fraud losses this year to date in the US alone. The US Federal Trade Commission (FTC) ...
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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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While the popularity of e-gift cards is growing, it’s also accompanied by an increase in malicious attacks with the onset of COVID-19. Among the brands protected by PerimeterX, the company saw e-gift card attacks stay fairly steady in the e-commerce vertical, however since the COVID-19 ...
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With the rise of e-commerce and digital payments during the COVID-19, new research by TransUnion shows fraudsters are also getting in on the action. The recent report showed an 11% increase worldwide in risky fraud transactions it defined as denied or reviewed because of fraud ...
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