The storm after the calm: return season
Posted by Global Risk Technologies™
In 2016, US online consumers spent $3.34 billion on Black Friday, a 21.6% rise on 2015. Like most of Europe, the UK saw similar surges of 12.2% to £1.23billion. The phenomenon is now growing from a one-day Black Friday event into a ‘Black Fiveday’ event from Thanksgiving through to Cyber Monday. The fear…
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The Last Piece In The Convenience Puzzle: Making Secure Payments Easy
Posted by Global Risk Technologies™
Just 3-4 years ago, ordering a taxi in the UK would inevitably involve calls, cash machines and waiting for a cab that could be anywhere! And we’d only dreamed of having dinner from a favourite restaurant delivered straight to our own front door. When stripped back to basics, true innovation identifies pain points…
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Black Friday 2016: UK vs. US
Posted by Global Risk Technologies™
The mere mention of Black Friday calls to mind images of frantic shoppers hoping to secure the best deals on the year’s hottest goods. However, sales figures for the past few years reveal a drastic shift in consumer preferences—online holiday shopping has gradually replaced traditional brick-and-mortar experiences. While merchants operating in the brick-and-mortar…
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Global Risk Technologies™ named double finalist at the 2017 Cards and Payments Awards
Posted by Global Risk Technologies™
Leading cards and payments industry body recognises Global Risk Technologies™ for its innovation in chargeback mitigation and remediation Dublin, Ireland. 5th December 2016. Global Risk Technologies™, Europe’s first chargeback remediation specialist and parent company of Chargebacks911, has been shortlisted for Best Security or Anti-Fraud Development and Best Industry Innovation of the Year at…
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Cards International: Chargeback Fraud Drowning Black Friday And Seasonal Revenue
Posted by Global Risk Technologies™
Online shopping is reaching its peak for the year. Online retailers must maximise the biggest opportunities of the year and avoid the New Year chargeback hangover, but as our Co-Founder, Monica Eaton-Cardone recently wrote in Cards International, for many retailers that is easier said than done: “Poor chargeback management is coming under increasing…
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European Consumers Prefer Diverse Payment Methods
Posted by Global Risk Technologies™
Credit & Debit are Just Two of Many Payment Options Used by European Shoppers In the US and Canada, most online merchants and consumers rely on just a few commonly-used payment methods. The four major card brands—Visa, MasterCard, Discover and American Express—account for about 85% of all online transactions in this region, with…
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Global Risk Technologies™ Invests in Veridu
Posted by Global Risk Technologies™
Global Risk Technologies™ is pleased today to announce a significant new investment in London-based Veridu, the innovative identity verification service provider for online merchants. We officially announced the investment at Money 20/20, the world’s leading payments event currently in full swing in Las Vegas. Global Risk Technologies™ will be adding authentication intelligence to…
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Understanding MasterCard’s Dispute Administration Fee (DAF)
Posted by Global Risk Technologies™
Mastercard charges a Dispute Administration Fee (or DAF) for intra-European and inter-European transactions. It automatically assesses the DAF for each cycle of the dispute process, which is paid to the sender and charged to the receiver. This isn’t unusual: several fees are involved in processing payment card transactions, with funds variously going to…
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International Finance Magazine: Fraud By Customers On The Rise
Posted by Global Risk Technologies™
Online merchants are facing a new problem — fraud by customers. Firms are increasingly facing malicious activity in the form of chargeback or friendly friend, writes Suparna Goswami Bhattacharya in International Finance Magazine this week. Speaking Co-Founder of Global Risk Technologies™ and our US subsidiary Chargebacks911, Monica Eaton-Cardone, the article explains the reasons why…
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The Paypers: Black Friday To Bring Seasonal Chargebacks?
Posted by Global Risk Technologies™
Online retailers need to prepare for hidden risks on the biggest shopping days of the year, writes our co-founder in The Paypers this week. Monica takes a look at the busiest shopping days in Europe, the US and China, pointing to the stats that show rising chargebacks among the booming sales. “The problem most closely…
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