Since the World Health Organization (WHO) declared the novel coronavirus outbreak a pandemic on March 11th, new research by TransUnion identified a 23% increase in weekly e-commerce transactions the following week. While somewhat predictable, the growth in the e-commerce transactions was also accompanied by an ...
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Cybersecurity
Cybersecurity
When it comes to loyalty program fraud, merchants are unprepared, and consumers are uninformed about the risk to their personal information and their hard-earned rewards according to e-commerce fraud prevention experts Forter. Loyalty program fraud is growing fast and merchants are simply not ready to ...
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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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What do these companies all have in common? British Airways, Ticketmaster, Newegg, Delta Airlines, Sears, Proctor & Gamble, and Macy’s. If you’re in the payments industry, you might think that the high-level security of their e-commerce and online customer data might be a common thread. ...
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The good news is US Black Friday weekend holiday sales grew an estimated 19.7% according to Adobe Analytics. The bad news according to LexisNexis® Risk Solutions (LNRS) is that fraudulent sales grew substantially as well, including a big jump in cyberattacks by bots and mobile ...
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By Ronan David, EfficientIP The financial services industry has a target on its back. Not from the typical regulatory or compliance issues, or even actual business performance. In this case, the focus is on the fact that these companies are hosting the personal and financial ...
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It’s one of the payment industry’s ugly secrets and for companies with a business built on subscriptions, it’s a revenue and business continuity risk that needs very close attention. Erich Litch, President & COO 2Checkout The problem is that some company databases are virtually held ...
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The $81 billion payroll processing business in the US is normally bedrock solid, made up of longtime players and innovative new payroll-as-a-service (PaaS), cloud-based fintech startups. Like the former subprime mortgage market, the US payroll industry seems too big to fail. MyPayrollHR just proved that ...
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It’s Labor Day, so we thought we’d keep things a little lighter than usual here on Payments NEXT. This just in. Americans have got the message about the dangers of drunk driving, but apparently, they missed the memo about drunk shopping. Recent research shows that ...
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New reports show a fast rise in ransomware attacks across the US. Last Friday, 23 Texas towns were hit in a coordinated attack by what is believed to be a single operator as yet unidentified. This followed earlier attacks in New York, Louisiana, Maryland, and ...
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