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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The True Cost of Fraud for Merchants
Posted by Global Risk Technologies™
LexisNexis has released its annual True Cost of Fraud study, revealing a staggering 94% increase in fraud losses for merchants since 2014. Merchants lost an average of 1.32% to fraud and fraud related costs this year, with mobile commerce and international retailers being hit the hardest. Though investments into fraud protection are being…
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New Visa chargeback regulations to hit in the New Year
Posted by Global Risk Technologies™
Visa has announced a number of updates to its merchant chargeback and fraud monitoring programs, which will all come into effect in the New Year to ensure global consistency across program thresholds, timelines, fees and non-compliance assessments. This uniformity is being introduced in a bid to offer aquirers a more efficient means of…
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Chargebacks expected to soar as EMV liability shift comes into play
Posted by Global Risk Technologies™
Chargebacks are expected to rise across the US, Europe and the UK as the liability shift for EuroPay, Mastercard and Visa (EMV) card security comes into effect in the US today. Businesses that don’t upgrade their point-of sale terminals to EMV compliant machines will now be held responsible for any fraudulent transactions that…
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UK Ecommerce Growth Triggering Opportunities for Fraud
Posted by Global Risk Technologies™
Retail Gazette reported this week that UK ecommerce spending rates are set to reach an estimated £60 billion by 2016, fuelled by an increase in multichannel shopping. Consumers choosing to shop via mobile and tablet devices are adding to growing levels of ecommerce by spending around £8.9 billion a year. With PC-only shopping…
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Chargebacks: Merchant and Customer Perspective
Posted by Global Risk Technologies™
The Telegraph reported this week about the nature of chargebacks and how they may be used by consumers wanting to regain unauthorised funds online. Chargebacks offer a vital tool to customers if a merchant is unable or unwilling to refund an unauthorised transaction. They can occur as a result of processing errors or…
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