CardNotPresent.com is One of the Leading Voices in the Ecommerce Industry
A news article published last week by CardNotPresent.com cited a recent Global Risk Technologies™™ study, originally published by Retail Times on January 27. The use of Global Risk Technologies™’™ data by both CardNotPresent.com and Retail Times illustrates the company’s position as an authoritative resource in the world of ecommerce and consumer research.
Friendly Fraud Rampant in Digital Subscriptions
The study examined 50 million transactions carried out over the fourth quarter of 2015, revealing a startling trend in digital subscription sales. According to the study data, a full 24% of all digital subscription sales in the UK during the 2015 holiday season resulted in chargebacks. This rate is more than double that of any other product company.
The article also quoted Global Risk Technologies™™ CIO, Monica Eaton-Cardone, who revealed another staggering figure: 86% of all chargebacks are fraudulent. Considering both of these figures leads to the grim conclusion that more than one in every five digital subscription transactions is actually friendly fraud.
About CardNotPresent.com
CardNotPresent.com is one of the leading platforms for news, education and information about ecommerce and the card-not-present payment industry.
The company publishes a biweekly newsletter, the CNP Report, covering all of the most important developments in the card-not-present environment. In addition, CardNotPresent.com hosts two of the ecommerce payment industry’s most notable yearly events—the CNP Expo, a gathering of companies of all sizes and dimensions from across the payments industry, as well as the CNP Awards, an annual ceremony dedicated to recognizing the most progressive and highest-achieving figures in card-not-present payments.
Read the original CardNotPresent.com article here.
