Valentine’s Day Might be over but you should still read this article about how to fight fraud online. Love and fraud are a match made in cyber-heaven, and they both persist year-round. Love may make the world go ’round but there’s nothing “friendly” about friendly fraud. Online merchants see it all the time – from customers who simply missed the mark at playing Cupid, or fraudsters seizing yet another opportunity to cash in – and the bottom line can really take a hit. Don’t let chargebacks break your heart; be sure you’re properly prepared to prevent and deal with costly chargebacks.
Secure Processing Solutions: Payments Data Security Best Practices
Retail ecommerce grew to a healthy $409.208 billion in 2017, but that growth came at a price: 16.7 million reported victims of fraud in 2017 (6.64 percent of the US population). Unfortunately, this doesn’t come as much of a surprise. With both increased rates of ecommerce transactions and consumer data on the web, fraud is becoming easier and more accessible for criminals.
