Online Retailers Festive Victory Over High-Street Stores May Be Short Lived
Posted by Global Risk Technologies™
As online retailers salute a sales victory over brick-and-mortar stores this festive period, merchants need to be wary that their celebrations could be a little premature as chargebacks wait in the wings to take center stage in the New Year. Chargebacks typically hit 60-90 days afterwards, so merchants enjoying the news that online…
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Chargebacks Increase as Merchants Struggle to Prevent Fraud
Posted by Global Risk Technologies™
Internet Retailing has reported that an astonishing 50% of online retailers find it difficult to keep up with fraud trends. The new study, carried out by Worldpay, also revealed that 80% of online merchants do not feel confident in their ability to manage and prevent fraudulent threats. The growth in multichannel shopping has…
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Black Friday and Cyber Monday: Merchants Pay As UK Shoppers Spend Big
Posted by Global Risk Technologies™
The Guardian this week reported record sales in the UK across the four day festive shopping extravaganza between Black Friday and Cyber Monday. Shoppers spent around £3.5 billion online, grabbing the biggest deals and discounts with the simple click of a button. Soaring e-commerce rates have forced many retailers on the high street…
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Black Friday – Golden Payday or Poisoned Chalice?
Posted by Global Risk Technologies™
Global Risk Technologies™’ latest whitepaper takes an in-depth look into the growing retail phenomenon hitting the UK this holiday season: Black Friday. Hailed as the unofficial countdown to Christmas, many merchants are expected to reap the rewards from a surge in online traffic and transactions, with experts predicting the first ever £1 billion…
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Festive shopping: Manage the ecommerce fraud risk
Posted by Global Risk Technologies™
Business2Community reported last week on some of the best ways to cope with busy retail periods and reduce the chances of people making a fraudulent purchase online. With the holiday season upon us, retailers are expecting a surge in online shopping traffic, so preparing for the associated risks is essential. Online retailers must…
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Visa Checkout Secures New Merchant Partnerships
Posted by Global Risk Technologies™
Visa Checkout, the simpler way to shop online from Visa, has reported significant growth in users and new merchant partnership deals. Over 6 million registered users are now able to ‘checkout’ in just three easy clicks, providing a safer and more secure platform for online transactions. In fact, Visa Checkout has seen an…
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20/20 vision on payments and fraud
Posted by Global Risk Technologies™
Money 20/20 Las Vegas – the world’s leading payments and financial services innovation event – has closed its doors for another year and we reflect on our time at the busy three-day conference and trade show. With over 10,000 attendees including more than 1,000 CEOs, and 500 speakers from around the world there…
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ONS reveal UK fraud boom
Posted by Global Risk Technologies™
Over the past few years, there have been an alarming number of incidents related to fraud across the UK. In a recent report published by the Office for National Statistics (ONS), estimated fraud figures were released for the first time, in response to an increasing public demand for more information. Last year alone…
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Black Friday: The new Retail Phenomenon for Merchants
Posted by Global Risk Technologies™
Over the last decade, Black Friday has become known as the busiest shopping day of the year. It is a retail phenomenon, originating from the United States, but has taken off throughout the United Kingdom in the last couple of years. Predictions claim that Black Friday this year on November 27th will…
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Don’t go it alone with fraud and chargeback management
Posted by Global Risk Technologies™
According to a new survey from Javelin Strategy & Research, retailers of digital goods spend up to 20% of their operational budgets on fraud and chargeback management as they struggle to cope with the problem. The report, titled “The Impact of Fraud and Chargeback Management on Operations” considers how companies may be expending financial…
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