Originally posted on Inside Retail Australia. Increasingly complex card-not-present fraud will cost retailers US$130 billion globally in digital sales over the next five years. A Juniper Research study predicts that retailers’ slow pace in keeping up with new fraud prevention requirements will allow cybercriminal practices to become more widespread as more and more consumers shop… Read more »
Category: Tips
The Truth About Gateway Filters
Many online merchants fight chargebacks by using payment gateway filters to protect their integrated payments processes from fraudulent behavior. What they may not realize is that these gateway filters are actually hurting their businesses by declining perfectly safe orders along with fraudulent ones. In this blog post, we’ll walk you through the nitty-gritty of what… Read more »
The 7 types of eCommerce fraud schemes you should know about
This article was written by our director of business development for Entrepreneur.com. As an eCommerce seller, there are multiple responsibilities juggled between you and your team — sourcing product, quality control, customer service, SEO, HR. One of the tasks that is often overlooked, until it is too late and very costly, is fraud prevention. With… Read more »
The Shocking True Cost of Chargebacks
Originally posted by CardNotPresent.com. How much would you guess businesses lost to chargebacks in 2017? $10 billion? Maybe even $20 billion? Generous guesses—but not generous enough. Or, maybe you keep up with statistics and you read that the total cost of chargebacks came to $31 billion in a single year. Sorry, you’re still not even… Read more »
Fed Report Pegs CNP Fraud as Retailers’ Biggest Concern
Originally posted by CardNotPresent.com. New research from the Minneapolis Fed indicates that retailers are more concerned with fraud in their online channels than any other kind of fraud. Across nearly every size business, Fighting Fraud in the E-Commerce Channel: A Merchant Study found that not only was CNP fraud considered their greatest threat, but half… Read more »
Chargebacks 101: What They Are & Why They Matter
Originally posted by ChargebackGurus.com. Chargebacks are a growing concern for modern merchants. And at the rate they’re increasing, it’s no wonder why. From 2016 to 2017, chargebacks jumped 179 percent, costing merchant’s 1.9 percent of their total annual revenue. Add in the potential threat chargebacks pose to your reputation and merchant accounts, and you’ve got… Read more »
The History of Ecommerce: What The Past Says About Tomorrow’s Retail Challenges
Originally posted to BigCommerce by Kaleigh Moore. When it comes to ecommerce, a word that first comes to mind is growth. Ecommerce expert Gary Hoover’s research shows that just in the last 14 years, the growth of ecommerce companies has skyrocketed across the board. And some merchandise lines (like clothing and beauty products in particular)… Read more »
3 Solutions for Ecommerce Merchants Fighting Fraud
Article written by NoFraud for Entrepreneur. One of the lesser known challenges of running an ecommerce store is preventing fraud chargebacks. When a consumer doesn’t recognize a charge on their credit card statement they will dispute the charge with their credit card company, which will result in a fraud chargeback to the ecommerce store owner…. Read more »
Nearly 28% of consumers have been a victim of e-commerce-related fraud
Article posted by Katie Evans for Internet Retailer. U.S. e-commerce is projected to grow nearly 16% in the third quarter, but consumers still have hesitations regarding the safety of shopping online, according to an exclusive Internet Retailer survey of 2,000 U.S. consumers conducted by Bizrate Insights. For example, 40% of consumers said they did not… Read more »
iTristan Media Podcast with NoFraud: All Things Fraud
One of NoFraud’s partners, iTristan Media Group, asked our Director of Business Development to talk about the fraud landscape and how that impacts merchants. The recording can be found here.