Finding Fraud in 2015?
Posted by Global Risk Technologies™
The eCommerce industry has dramatically expanded in Europe, creating a shift from in store purchases to digital and online sales. With that increase in online transactions and sales, new opportunities for fraudulent activity are slated to increase. According to Lexis Nexis, merchants lost 0.68% in 2014 compared to 0.51% in 2013. This dramatic…
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Friendly fraud – the hidden problem of online retail
Posted by Global Risk Technologies™
Identity theft and consumer fraud are synonymous with internet scams. When it comes to fraudulent online activity, the most common offender is seen as a vicious criminal. However, a different type of fraud is boasting an explosive growth rate when it comes to online transactions – and the criminal behind the scenes is…
Read MoreAdvancements in Mobile Payments Allow Consumers To Transfer Funds In A Snap
Posted by Global Risk Technologies™
When it comes to the financial industry, the digital revolution is an ever evolving process made up of small steps and giant leaps into virtually unknown territory. Between the time this article goes through its final edits, and the time it is published, things will have already changed in more than one way.…
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Privacy in the Digital Divide
Posted by Global Risk Technologies™
The eCommerce industry endures more privacy challenges as consumers begin to rely more and more on a digital society. Although consumerism is striving to employ more digital opportunities in this industry, the stress of purchase privacy is still relevant and in most cases greater due to new digital channels. Cyber crime is a…
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The “People Element”: Prevention for Chargebacks
Posted by Global Risk Technologies™
Having a firm grasp on fraud has become a normality for merchants of every realm. In 2011, merchants have reported that they have rejected 2.8% of their orders due to suspicious fraud. Businesses are becoming more aware of the idea that not every purchase is a safe purchase, especially for online Merchants. Specifically,…
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The Rise of Online Fraud
Posted by Global Risk Technologies™
The eCommerce industry has dramatically expanded in Europe, creating a shift from in store purchases to digital and online sales. With that increase in online transactions and sales; new opportunities for fraudulent activity are slated to increase. The issue with this rise in the European eCommerce culture is that there is no plan…
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Charging It Back: The Process
Posted by Global Risk Technologies™
It is safe to say that for nearly all of us, either we or someone we know has found a charge on their bank or credit card statement that didn’t seem to make sense. In the worst of cases, the charges were made by someone other than the card holder, meaning that at…
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Checks and Balances: Understanding Chargebacks
Posted by Global Risk Technologies™
There are countless pros and cons to owning and operating an online business. One major check in the pro category is that your company can reach people all around the world, no matter where you are located. By having a further reach, you are able to spread awareness of your brand, as well…
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