Retailers are set to lose $130 Billion in digital/ CNP (Card-not-Present) fraud between 2018 and 2023 due to increasingly complex approaches adopted by fraudsters and slow adoption of advanced fraud prevention solutions by retailers. It is easier than ever to buy card details online as such details are being compromised on regular basis further facilitating
Category Archives: News
Quatrro Processing Services (QPS) is exhibiting its suite of advanced fraud prevention solutions at CUNA GAC 2019, Booth # 634 from March 10th to 14th, 2019 between 10 AM to 11 AM (GMT). This year, QPS showcases AI driven Fraud Reduction Early Detection (FRED®) Platform, enabling real-time cross channel fraud detection, monitoring and case management
The frequency of cyber thefts, hacks, and fraud are increasing at an alarming rate projecting a highly challenging future. Rising and more frequent data breach incidents are taking headlines globally. Big names like Microsoft, Paypal, Netflix were the top targets for phishing attacks in 2018. Ever sharpened tools used by fraudsters have been impacting businesses
Do you know? There is another name for the second Monday of December; it’s called Green Monday. It is the last biggest online sale of the year after Black Friday and Cyber Monday and a golden buying opportunity for the last minute holiday shoppers. Majority of retailers will start their online sales at midnight to
Monday, 26 November is one of the most awaited Online Shopping Days of the Year and it’s just around the corner. It is the time that everyone waits and while you free your purse strings for buying your favorite gadget, tool, and various products available at mega discounted prices. While eCommerce and mobile payment volumes
Every year as the autumn sets in, millions of shopping enthusiasts hit malls and online shopping sites. Halloween is quickly approaching, with bonfires, games and wearing scary costumes bringing an exciting time, marking the onset of crazy consumerism. This magical celebration is observed every year on 31st of October globally. Halloween shopping season is
This spring, QPS is heading to Park City for Unite 2018 – CU Prodigy Annual Meeting and this year is going to be a year of idea generation, problem-solving and empowerment. Team QPS will showcase its cross-channel detection and prevention solutions to credit unions, helping them effectively combat fraud and enhance member experience. QPS’
The contactless payment terminals market is projected to reach $28.7 Billion by 2023. With evolving payment challenges, businesses need to guard against fraudulent transactions. In a podcast interview with Information Security Media Group (ISMG), Sriram Natarajan shares his views on contactless payments and why it is imperative for businesses to balance security with customer convenience.
The world might seem smaller in this digital age probably as a result of the diversity of online business, payment landscapes and the resulting singularity of fraud patterns. The continued year on year growth in online shopping fueled by consumers’ demand poses significant challenges to merchants. The dynamic e-commerce business shows no signs of abating.
Enabled by advanced technology, the continued year on year growth in online shopping has been fueled by consumer’s demands for greater convenience and value. For businesses, this trend poses both significant challenges and opportunities. Today, consumers are shopping round the clock and virtually from everywhere. In a truly global online marketplace, products can be easily