False Declines Vs Actual Fraud During Holidays

Ecommerce merchants are putting all their efforts to protect their business from fraudulent payment processing. Often, eCommerce companies try too hard because of fear of fraud, which results in false declines. The latter is also called false positives and happens when a legitimate transaction is turned down. False Declines False declines are turning into a

US Retail E-commerce Was Expected To Account For $385 Billion In 2016

It is estimated that eCommerce sales will reach over $400 billion in the upcoming years. According to Forrester Research, they will account for $414.0 billion in sales in 2018. eMarketer says the amount will reach $491.5 billion in 2018. BI Intelligence, Business Insider’s premium research service, expected US B2C eCommerce to make up $385 billion

Global Card Fraud Grows 20%. CNP Fraud Is On The Rise Worldwide

In 2015, total card fraud taken globally reached $21.84, which is almost 21% higher than the numbers registered in 2014. This is according to The Nilson Report, the most respected newsletter covering the payment systems industry. The US losses associated with global card fraud made up 39% or $8.45 billion; spending volume accounted for only

Fraudulent Transactions By City And State

According to the analysis a Silicon Valley anti-fraud technology provider, US merchants who are concerned about card-not-present fraud should pay attention to orders with billing and shipping addresses in the Southeast and Mid-Atlantic states. The software company examined over 1.3 million transactions from August 2015 to August 2016 and provided analysis for cities and states.

Older Millennials Show Greater Interest In Using Smartphone Cameras For Authentication

It’s a common knowledge that millennials love their smartphone cameras and that businesses try to benefit from the growing interest in smartphone cameras. Companies such as Amazon, MasterCard, and Alibaba are focused on figuring out whether smartphone cameras can be applied in the online payment authentication field. A recent report from Osterman Research commissioned by

Apple Pay For The Web Is On The Rise

According to a report from SimilarTech, a Web analytics firm, Apple Pay on the Web has become quite popular. SimilarTech’s platform tracks more than 30 million web pages per month and shows that Apple Pay has turned into the 5th most popular payment platform used by eCommerce websites ranked in the top 10.000. It is

Recent Cyber Monday Statistics | Biometric Authentication

According to a new report, online shoppers don’t make Cyber Monday deals the way they did it in the past. A 2016 holiday shopping study by one of the leading international payment service providers shows that of 76% of US and UK consumers planning to shop online during the 2016 holiday season only 38% were

Online Fraud During the Post-Holiday Season. 3 Things To Focus On

Each year, during the holidays, fraudsters plan how best to use the season for theft. There were three important things to take into account with regard to fraud during the holiday season in 2016. The fact is that fraud is rising, it’s going mobile, and may result in poor customer experience. First, online fraud has

E-Gift Cards Fraud | How To Avoid a Chargeback Hangover In January

During the holiday season, gift cards are chosen by many people for their family and co-workers. You can purchase, send and redeem electronic gift cards more easily than traditional plastic gift cards. These cards are becoming more and more popular on mobile devices. However, it can be more challenging to detect fraud on e-gift cards.