July 15, 2021
In this post, we’ll examine why the last twelve months have made open banking even more relevant to ecommerce retailers, the benefits it provides and how merchants can use it as a way to take payments and verify account ownership.
July 15, 2021
Data breaches are becoming a more frequent occurrence with criminals continuously adapting their techniques to access potentially harmful data. More accounts are at risk of being exploited than ever before, with over 6bn fake emails sent worldwide every day, and as countries globally continue to become digital - the number of breaches is only going to increase. From hacks that have affected universities to breaches that have compromised information at hospitals, the list truly is limitless. Yet, despite the warranted cause for concern from the public, merchants can in fact use data breaches to support user verification and fight back against fraudsters...
June 16, 2021
Covid-19 caused a huge boom in eCommerce sales and a great change in customer behavior, resulting in huge opportunities for marketplaces, but optimizing the customer journey through frictionless payment experiences will be crucial to remaining relevant as competition ramps up.
June 08, 2021
Around 70% of merchant fraud teams also manage payments. How do teams track payment data and fraud, what percentage of transactions are sent through 3D Secure, and what does this mean for fraud detection moving forward?
May 27, 2021
Managing online payments is complex and cumbersome for businesses, as they need to support multiple payment instruments and integrate with multiple payment providers, including various banks, card payment providers, digital wallet providers, etc. To overcome these integration complexities, many businesses have integrated with payment service providers (PSPs) that aggregate various financial entities - banks, card payment providers, digital wallet providers, and others.
May 13, 2021
it is recommended that organizations take an offensive approach to mitigate the payoff for a cybercriminal during a financially motivated fraud attack. This is accomplished by increasing the level of difficulty of infiltration, which causes the attacker to spend more time and resources to try and gain entry.
May 06, 2021
The task of detecting fraudulent online payments is a perfect use case for applying machine learning algorithms that thrive in environments where data volume is high and the characteristics of fraudulent transactions cannot be easily detected using only a handful of features. Nonetheless, many fraud prevention systems still rely on hard-coded rules engines that consolidate the aggregate knowledge of fraud experts.
April 15, 2021
Authenticating buyers is a basic component of merchant risk management. With Strong Customer Authentication standards now in place in the European market, merchants are expected to make it more of a priority than ever before.
March 22, 2021
The shift toward online shopping during the COVID-19 pandemic has led to a steep increase in package theft. This growth has become a stressor for many individuals during the pandemic and the trend is not likely to decrease without a concerted effort from both merchants and consumers.