Fraud

To Balance Security and User Experience, It’s Time to Move Beyond Just MFA
May 5, 2022 at 4:27 pm

Online shopping is easy. It’s part of what makes e-commerce tick and why, perhaps, it’s an $871 billion industry in the U.S. The simple convenience of adding things to your digital cart and checking out, often with free delivery and returns, makes up for the inability to see, hold, and try on items before buying.…

Buy Now, Fraud Later?
April 19, 2022 at 10:12 am

Buy now, pay later (BNPL) companies are the new normal online, having quickly become a $100 billion industry in the past few years. This growth is attracting more users, companies and investors to the sector. Unfortunately, fraudsters will also inevitably follow suit, so the industry must remain vigilant. This article offers insights into how BNPL…

Your Data Can Become Your Best Detective to Hunt Fraud
April 19, 2022 at 9:41 am

We’ve all felt the shockwaves of the e-commerce eruption. It’s transformed the way people and businesses make payments. What’s more, the amount of data it’s creating is swelling with every second. In just 10 years, the amount of data in existence went from 1.2 trillion gigabytes to a whopping 59 trillion gigabytes — that’s a rise…

Radial Payment and Fraud Leaders on Optimizing Secure, Seamless Checkout
April 13, 2022 at 6:54 pm

In this episode of Total Retail Tech Insights, Editor-in-Chief Joe Keenan interviews David Roessler, director of payments, and Michael Habermann, director of fraud services at Radial, the leader in omnichannel e-commerce technologies and operations. Roessler and Habermann discuss how merchants can optimize their checkout experience from fraud and payment perspectives, why new buy now, pay…

Checkout and Promo Abuse: The Latest Fraud Impacting Retailers
April 5, 2022 at 8:17 pm

With ​​4.2 million retail establishments in the U.S. alone, it can be difficult for retailers to stand out from the competition. Aside from offering great products and getting to know their customers better, many retailers opt for product or pricing scarcity (e.g., limited-time offers or special editions) and promotional offers (e.g., sign-up bonuses, referral bonuses,…

Preventing In-Store and Online Retail Theft
April 4, 2022 at 8:54 am

Retailers jumping to capitalize on e-commerce trends have embraced omnichannel, which continues to gain favor as a business strategy for brands. However, innovation by brands to appeal to shoppers is also finding favor with an unwanted audience: thieves. There has been ample progress within omnichannel organizations in recent years, as shoppers can now check product availability…

Blockchain Technology Can End a Multimillion Dollar Financial Fraud
March 28, 2022 at 9:20 pm

We live in an increasingly digital world, where technology helps us complete tasks of all kinds throughout the day. With this in mind, it would be easy to think that the procedure of scanning and processing coupons in grocery stores, restaurants, department stores and other retail outlets would be one that's streamlined with technology. Surprisingly,…

How BNPL Can Become Too Much of a Good Thing for Retailers
March 16, 2022 at 11:04 am

Buy now, pay later (BNPL), a modern answer to retail layaway, is having a moment as a key payment option for online shoppers. It’s simultaneously soaring in popularity and finding that celebrity inevitably attracts those who would like to take advantage. BNPL, which allows shoppers to get their goods today while paying in installments, now…

Retailers Beware: E-Gift Card Attacks, Automated Fraud and Scalping Bot Usage is on the Rise
February 7, 2022 at 11:59 am

E-commerce retailers need to take note of fraud that can greatly impact their business, including their revenue, brand reputation, and the loyalty of their customers. In fact, up to 80 percent of e-commerce retailers’ operational costs are negatively impacted by malicious bot activity. PerimeterX recently conducted a comprehensive survey of 2,000 U.S. consumers to gauge…

Could Buy Now, Pay Later Payment Offerings Cost Retailers Security?
January 26, 2022 at 11:15 am

The buy now, pay later (BNPL) market continues to grow. According to a recent report, the market is expected to rise by 1,200 percent in the U.S. by 2024. Most online merchants such as Amazon.com, Airbnb, and Instacart already accepted BNPL as a form of payment, including leading options Afterpay, Klarna, and Affirm, however, additional…