Multi-Front Fraud Attacks
In the world of eCommerce, online transaction fraud has emerged as a formidable challenge for fraud prevention experts. This comprehensive guide delves into the various facets of eCommerce fraud, explaining both the nature and effective strategies for the mitigation of these evolving types of fraud.
Boost Sales, Beat Abuse: Find the Perfect Balance!
Ecommerce platforms face a unique set of challenges when implementing promotional strategies. While promotions are key to driving online sales and attracting customers, they can also inadvertently lead to an increase in policy abuse.
Proactive Measures for Preventing Promotion Fraud and Abuse in E-Commerce
Managing eCommerce promotions is challenging due to the need to attract genuine customers while preventing fraudulent activities. U.S. businesses are highly susceptible to fraud and abuse, which costs them an estimated 5% of their annual gross revenue according to a report by the BFP.
The Rise of BOPIS in Mexico and its Susceptibility to Fraud
Recently, the Buy Online, Pick Up In-Store (BOPIS) model has witnessed a notable surge in popularity within Mexico.
False Positives: A Greater Challenge than Fraud in Digital Transactions
False positives in digital transactions are emerging as a formidable challenge, often surpassing the issues associated with direct fraud. These errors inflict financial losses and undermine the essential trust of customers, a crucial pillar for any commercial entity in the digital space.
Balancing Fraud and Payment Experience – 2023 Outlook
2023 has witnessed a significant 80% increase in fraudulent digital transactions. This phenomenon can be attributed to consumers’ growing adoption and reliance on digital payment methods.
Changes in Visa Brand Protection Program and the Introduction of VIRP
Before the Visa Integrity Risk Program (VIRP), Visa operated the Global Brand Protection Program (GBPP) to protect its brand and payment system. The VIRP, which replaced the GBPP, has similar objectives but with a more focused approach. Visa and Mastercard have high-risk or high brand-risk programs primarily to protect the card schemes and their participants from illegal and brand-damaging transactions.
Asegurando la continuidad del negocio en medio de un ataque de fraude
Estamos encantados de anunciar un éxito significativo de nuestra asociación con Pídele a Pepe, un marketplace especializado en la venta y entrega rápida de bebidas alcohólicas en el mercado mexicano.
Ensuring Business Continuity Amidst Fraud Attack
We are thrilled to announce a significant success of our partnership with Pídele a Pepe (part of the Bepensa conglomerate), an online marketplace selling and delivering alcoholic beverages within 1 hour. This is a key project for Bepensa to introduce a new distribution channel.
The Evolution of Chargeback Processing and Its Future Trajectory
Notable landmarks have significantly impacted the journey of credit card chargebacks since the inception of the US Fair Credit Billing Act in 1974. For years, only a little deviation in the chargeback domain until the advent of e-commerce instigated considerable transformations, primarily due to the increase in card-not-present payments.