Steps you can take now to reduce your chargebacks risk
Posted by Global Risk Technologies™
Card-not-present fraud will cost businesses £6 billion within two years according to research by AITE Group. Chargebacks make up a large part of this worrying trend. However, many merchants and issuers tolerate, admittedly with reluctance, the losses. Monica Eaton-Cardone co-founder and CIO of Global Risk Technologies™ believes that there are ways to counter…
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Chargeback fraud needs to be checked now
Posted by Global Risk Technologies™
Presenting at this year’s Merchant Payments Ecosystem, Global Risk Technologies™, parent company of Chargebacks911, drove home the point that the industry cannot be complacent in the fight against the growing trend in chargeback fraud. MPE 2016, hosted in Berlin, covered a wide spectrum of payment issues this year, as over a hundred high-level…
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The retail sector must fight back even harder against fraud in light of new research revealed by crime survey
Posted by Global Risk Technologies™
The British Retail Consortium’s annual crime survey, which came out this week, always has the power to shock with its findings. This year was no exception. The research, based on a broad cross-section of UK retailers, both high street and online, has shown fraud growing at an alarming rate. Last year’s report revealed…
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MasterCard and Visa challenged to remain competitive
Posted by Global Risk Technologies™
MasterCard and Visa now account for 86 per cent of all payment cards in Europe, with €9 out of €10 reportedly spent on one of their payment cards – the highest share of any global region, but as the likes of PayPal and Apple grow in popularity the payment market, MasterCard and Visa…
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Retail returns season provides costly start to 2016 for merchants
Posted by Global Risk Technologies™
The holiday season is over, the decorations are down and a new year has begun. A year of new targets to meet, new products to sell and new trends to capitalize on. But before retailers can earn the big bucks in 2016 they need to deal with an old problem: returns season. Black…
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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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