Experian Launches Fraud Prevention Tool for Car Dealers
Experian announced the debut of Fraud Protect, a tool to help auto dealers detect and prevent fraud attempts against their customers.
Source: pymnts.com
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Top News In False Declines Today - Breaking & Trending Today
56% of eCommerce Firms Rely on Screening Designed for Typos
While online retailers use screening to identify the cause of failed payments, most rely on tools designed to detect typos, missing the possibility of fraud.
Source: pymnts.com
eCommerce Firms Use Screening Tools to Combat Tech-Driven Fraud
ECommerce firms are grappling with the widespread impact of fraud, and according to PYMNTS Intelligence research, more than 80% encountered true fraud —…
Source: biztoc.com
80% of Firms Struggle to Discover What Causes Failed Payments
Four in 5 companies cited difficulties knowing what caused failed payments as a challenge in fraud prevention. Two in 10 cited it as the most important challenge.
Source: pymnts.com
A False Declined Payment Costs Merchants More Than a Sale
A false decline is a legitimate card transaction that is ultimately denied, either by a bank or a merchant because it is mistakenly considered a fraud…
Source: biztoc.com