Jan 11

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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Jan 7

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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Dec 23

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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Dec 9

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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Dec 3

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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Nov 26

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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Nov 20

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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Nov 18

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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Nov 5

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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Oct 27

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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