Author: Gowri Shankar Balasubramaniam
Soaring e-commerce sales in Europe also means a rise in fraud. The explosive growth of digital payments and cryptocurrencies, along with the rise of omnichannel shopping and social commerce, has made businesses and consumers more vulnerable to fraud. Fraud prevention tools can help you fight fraud effectively. But what are they and how do they work?
Safer payments are essential to your business. Payment gateway comes with efficient risk management solutions that can prevent fraud, and keep your customers and business safe. Hence, you must use the right tools and payment gateway to secure your payments from fraud and illegal activity. This blog tells you how.
Businesses are getting savvier with fraud prevention and the arrival of PSD2, open banking, and technology has greatly secured online payments. Yet, payment fraud like fraudulent invoicing continues to be a matter of concern still. Invoice scams hurt your cash flow as well as your relationship with suppliers. Know more about how to prevent B2B invoice fraud.
Are you a high-risk merchant? Do you sell globally and worry about transaction risks and fraud? In that case, you need a high-risk merchant account. In this blog, we help you understand what a high-risk merchant account is and if your business needs one. Read on to know more.
Payment fraud has risen, more so since the pandemic started and more people started shopping online for everyday needs. Hence, as a business owner, you must take necessary steps to detect and prevent fraud on time. This blog tells you how to detect and prevent payment fraud and safeguard your business.
56% of businesses are concerned about payment fraud in cross-border transactions. At some point every business has to consider selling in international markets and has to test the waters. Taking a blind leap of faith, without adequate prepping, might not be the best or safest option. Hence, brands not only need to understand the nuances of selling overseas but also design a robust fraud strategy. If this sounds like you, read on to know what you can do about it.
Merchants in Europe must take decisive steps to combat fraud. It is not about having a one-size approach, but rather about taking a holistic view of your payments and using data and AI the right way. Here’s how you can prevent fraud at each stage of e-commerce payments.
Payment fraud continues to threaten businesses in Europe. E-commerce card fraud now accounts for two-third of all card fraud in the UK. Since the outbreak of the pandemic, businesses worldwide have had to adapt and reinvent themselves to survive. Learn more about what you can do to prepare for and prevent fraud.
Customers today expect brands to protect their data while offering the best user experience. Merchants have to adopt AI-based tools to strike the right balance to deter fraud without turning away loyal customers. Here are a few tips on how to approach the privacy, data fraud, and customer experience equation
Card-issuing banks follow a strict process when authenticating payments to ensure all parties are safe from fraud. But this process is often complex and long-winded and causes a lot of friction. In its latest avatar, 3D Secure protocol aims to change the way we make e-commerce payments. But is it what it promises, and why should merchants in Europe use it?
Delegated authentication is an option that merchants should look at to make checkouts faster and reduce friction for customers. After all, no one wants unhappy customers. As e-commerce booms, balancing SCA with the best customer experience remains paramount for merchants in Europe. Learn how SCA works and how it impacts Customer Experience.
Card-Not-Present (CNP) fraud is a type of fraud where a fraudster makes an unauthorized transaction without physically presenting the card. CNP fraud most commonly happens in e-commerce but can also occur in other card-not-present channels. Card-Not-Present fraud can spell trouble for your business in the long term, damaging your revenue and brand reputation. Using an omnichannel fraud strategy and AI-based tools can help you fight fraud effectively and avoid chargebacks.