E-commerce has transformed not only the way we shop, but also how retailers plan and execute their business growth and marketing strategies around the peak shopping season.
Before businesses can even start the decision-making process, they must have a solid understanding of their specific fraud protection needs.
You could be wrongfully turning away legitimate sales. Known as false positives, overzealous online retailers are losing money in their bid to reduce the risk of fraudulent transactions.
Just because you’re an online retailer doesn’t mean you accept card-not-present fraud as a cost of doing business. You need a solution – but how do you sort the good from the not-so-good?
The latest weapon in the fight against fraud is a professional managed service that uses the best of AI and machine learning.
Retail fraudsters may be more aggressive and sophisticated these days, but so is fraud detection and prevention technology. Unfortunately, many retailers continue to miss out by falsely identifying legitimate purchases as fraudulent.
Like it or not, Valentine’s Day is a classic Hallmark holiday (without the holiday) with the special power to get people spending. As Huey Lewis said, that’s the power of love.
Fraudulent transactions are on the up, but with more information and tools at their disposal, online and multichannel retailers need to get up to speed if they’re going to stem their fraud losses.