Orum Debuts 'No Code Verify' to Combat Failed Payments
Payments firm Orum has debuted No Code Verify, a tool to help prevent failed payments by determining if a bank account is open and valid.
Source: pymnts.com
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Consumers Demand Anti-Fraud Tools From eCommerce Merchants
As scammers and fraudsters become more sophisticated, shoppers are demanding more effective fraud prevention tools from eCommerce merchants.
Source: pymnts.com
43% of Retailers Say False Declines Are a Major Problem
A sizable share of retailers views false declines as a big obstacle to positive payment experiences for shoppers, PYMNTS Intelligence reveals.
Source: pymnts.com
Nearly 60% of Firms Say Failed Payments Are Expensive to Track and Resolve
False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning.…
Source: biztoc.com
Nearly 60% of Firms Say Failed Payments Expensive to Resolve
PYMNTS Intelligence research shows that over 10% of online transactions processed by the average eCommerce firm failed in the past year.
Source: pymnts.com