Dec 26, 2017

Online Sellers Hit All Time Records on Cyber Monday 2017

Cyber Monday was the biggest online shopping day in U.S. history. According to Adobe, the grand total was an estimated $6.6 billion in sales, representing a 17 percent increase over last year. In comparison, Black Friday and Thanksgiving Day generated $5 billion and $2.9 billion in online sales, respectively. The top Cyber Monday sellers included: Nintendo Switch, Apple AirPods, Google...

Jul 24, 2017

Fraudsters Focusing on Card Testing

A great number of merchants in the US are being attacked by fraudsters. In September 2014, the US experienced 52% of total attack volume. The United Kingdom, China, and the Netherlands experienced 9%, 8%, and 6% of attack volume, respectively. Statistics show that airlines (among e-commerce merchants) are most affected by fraudulent transactions. Airline merchants account for 46% of fraudulent...

Apr 01, 2016

How Merchant Chargeback Protection Can Protect You from Fraud

Every merchant needs to worry about their fraud risk. While many think that fraud happens to online businesses, the reality is that every merchant that accepts plastic card payments is at risk. Some believe that checking a photo ID can help, and it can, it does not protect you 100% from scammers. The ultimate protection comes from a close source:...

Dec 14, 2015

MERCHANTS VS. “FRIENDLY” FRAUD

“Rather fail with honor than succeed by fraud.” – Sophocles Fraud can never be “friendly.” Credit card fraud is harmful to any business. To prevent profit losses, merchants shouldn’t neglect this threat. They should figure out unlawfully filed chargebacks, and minimize the risks and expenses associated with them. Consumer Confidence And Ecommerce Growth As compared to the US, eCommerce in...

Sep 23, 2015

Preventing Credit Card Chargebacks on E-Commerce Sites

Chargebacks remain one of the biggest issues for online merchants. Unfortunately, as more and more consumers take to online shopping, cases of chargebacks have only increased and can be expected to increase even further going forward. Essentially, a chargeback happens when a consumer realizes a mistake on their credit cards and calls their card issuer. The issuer then investigates the...

Jul 20, 2015

Digital Payments Prone to Friendly Fraud, Research Shows

Apparently, switching to digital payment could bring even more trouble. If you’ve been thinking about shifting to digital payment platforms hoping that you would avoid fraud, you may be in for a rude shock. The most popular kind of fraud in the digital world is called “friendly fraud.” You would wonder why someone had to call it “friendly” when indeed...