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: pymnts.com
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Google Pay Most Affected by Fraud After Credit Cards
Firms know that fraud damages their reputations, and failed payments derived from fraud lead to customer churn. Almost half of retailers agreed that failed…
Source: biztoc.com
Merchants' Black Friday Was Good Despite Failed Payments
Failed payments are a problem, with as many as 1 in 10 online transactions not going through — a clear impact on revenue PYMNTS Intelligence data shows.
Source: pymnts.com
3 in 4 eCommerce Firms Prioritize Anti-Fraud Innovation
Ninety-five percent of these online retailers are either enhancing their anti-fraud tools or have plans to do so within the year, PYMNTS Intelligence reveals.
Source: pymnts.com
The rise – and crash – of the Israeli anti-fraud tech star
Forget about Black Friday: Global supply chain problems, EU regulations and the end of the pandemic boon spell major problems for Israel’s Riskified
Source: haaretz.com