Synthetic identity fraud
Synthetic identity fraud has become a significant challenge for businesses and individuals alike, with the Federal Reserve identifying it as the fastest-growing type of financial crime in the United States....
FUGU
Reducing customer churn and false declines, Fighting Chargebacks
Synthetic identity fraud has become a significant challenge for businesses and individuals alike, with the Federal Reserve identifying it as the fastest-growing type of financial crime in the United States....
Enhance your e-commerce success with secure payment processes. Boost consumer confidence, reduce abandoned transactions, and improve conversion rates. Don't let security concerns hold your business back....
Abandoned shopping carts are a major problem for e-commerce businesses. According to statistics, the average cart abandonment rate is 69.99%. This means that almost 70% of shoppers who add items to their online shopping carts end up not completing their purchases. Of course, this leads to significant losses for retailers as they miss out on a large percentage of potential sales. One major reason for abandoned carts is failed payments. In this post, we explain one innovative anti-fraud technique – Promise2Pay – that merchants can use to convert any abandoned carts into successful purchases. Why do failed payments lead to......
eCommerce merchants face a problem: they need to lower friction to convert more customers while also protecting themselves from fraud. Growing competition forces online merchants not only to compete on pricing and quality of merchandise but also on the ease of checkout and smoothness of user experience....
With EMV chip card technology, merchants can effectively tokenize payment data instead of transmitting the cardholder’s actual data, making it hard for fraudsters to hack and duplicate such information. But has it worked? And what are the downsides of EMV in fighting fraudulent chargebacks?...