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.
As the industry gears up for another big event, online accounting software leader MYOB demonstrates its developments in the payments category.
Small businesses around Australia are offering ‘buy now, pay later’ options at the checkout, making purchases seem more affordable. If you’re considering joining the growing trend, there are some things you might want to consider.
Australia’s track record on getting businesses paid on time is increasing insolvency risk, which then compounds the problem. It’s time we break the cycle.
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.
Not only are Australians quickly moving towards a cashless society, it appears consumers are also doing their best to avoid credit card payments – and the knock-on effects are already being felt.
The convenience online retail offers consumers is undeniable, but for the business owner it presents a new set of challenges. Not least of which is the increasing occurrence of digital fraud.