Technology key to fighting ecommerce fraud
Posted by Global Risk Technologies™
Innovative technology plays a huge role in the continued expansion of the ecommerce sector. In the UK alone, online retail sales are predicted to rise to £53.2bn in 2015, with ecommerce showing no signs of slowing down. MasterCard and Visa remain the leading names in payments, yet more and more new technologies continue…
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Fintech Week 2015 – Gathering together the most influential leaders in financial technology
Posted by Global Risk Technologies™
Fintech Week, financial technology’s largest event celebrating the intersection of finance and technology, begins on Monday 14th September and is set to bring together some of the leading figures in the UK to celebrate innovation within the financial services sector. With London swiftly gaining a reputation as the Fintech capital of Europe, Fintech Week brings together…
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Growth Business: Why UK SMEs risk fraud activity as US adopts chip and pin
Posted by Global Risk Technologies™
You may not think that the US finally adopting chip and pin will have a significant effect on British SMEs: but if you’re worried about card fraud you may have to think again. By Monica Eaton-Cardone, CIO and co-founder of Global Risk Technologies™ In 2004, EMV technology was introduced to the UK public.…
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Combatting CNP Fraud: A Guide to Increasing Risk Protection and Enhancing Customer Satisfaction
Posted by Global Risk Technologies™
With the US soon to be following suit with the adoption of EMV (Chip-and-PIN) technology, the migration in card-not-present (CNP) fraud this will cause is also a major threat to many UK and European businesses. The introduction of EMV across all major outlets in the US is sure to lower rates in lost,…
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EMV rollout in the US likely to cause global spike in CNP fraud
Posted by Global Risk Technologies™
Europe may have been using EMV, or Chip-and-PIN, card security long before the US set its October 2015 deadline for its much-delayed rollout of the technology, but that does not mean Europe is safe from the increased levels of card-not-present (CNP) fraud that this will bring. As fraud always follows opportunity, the US…
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Card fraud report finds CNP fraud on the rise in the Single Euro Payments Area
Posted by Global Risk Technologies™
The latest report issued by the European Central Bank highlighting card fraud has announced that the total value of card fraud within the Single Euro Payments Area (SEPA) amounted to €1.44 billion in 2013, which represented an increase of 8% from 2012. Although other forms of card fraud are reportedly declining, card-not-present (CNP)…
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Are MasterCard & Visa losing their market share in Europe
Posted by Global Risk Technologies™
There is a growth in alternative payment methods, which is seriously threatening the long-held market dominance of MasterCard and Visa. With online retail sales predicted to reach £53.25bn in 2015 in the UK alone, ecommerce remains a booming sector. Ecommerce is growing and retailers want a successful and seamless online offering in order…
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Alternative Online Payment Options Challenging Visa and MasterCard
Posted by Global Risk Technologies™
Ecommerce provides a huge opportunity for profit in Europe, with online retail sales predicted to reach £53.25bn in 2015 in the UK alone. The market here continues to grow faster than in the US, presenting some of the best opportunities for businesses looking to take a share in this lucrative market. An opportunity…
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Merchants: Communicate With Chargeback Consumers
Posted by Global Risk Technologies™
When an unauthorised transaction has taken place, many consumers go directly to their bank to report it, rather than the online retailer. This begins a costly chargeback process that often means the retailer loses the value of the goods sold, the up-front cost of reimbursing the customer for the items they didn’t legitimately…
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European Commission breaks down ecommerce barriers to provide £308bn boost
Posted by Global Risk Technologies™
The European Commission (EC) this week revealed plans for regulatory reform that aims to increase member states’ economies by £308bn a year by stimulating ecommerce. The EC has launched 16 proposals, to be implemented by the end of 2016, to try to eliminate barriers to online trade. From more affordable parcel delivery, to…
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