Global Risk Technologies™, a technology company specialising in chargeback compliance, today urges caution among online merchants following recent plans unveiled by the European Commission (EC) that aim to increase EU member states’ economies by £308bn a year.
The EC has launched 16 proposals, to be implemented by the end of 2016, aiming to eliminate barriers to online trade and help stimulate ecommerce across the continent.
But Monica Eaton-Cardone, CIO of Global Risk Technologies™, has warned that the changes, if implemented successfully as planned by the end of next year, could expose merchants to fraud and chargeback risks that they are not prepared for handling in higher volumes.
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