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: Merchants
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
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
Fall is upon U.S., signaling businesses to plan for one of the busiest time of the year-the holiday season. Halloween day has just passed and merchants are aware that Thanksgiving Day is just few days away, marking the craziest and most challenging time of the year in retail. The thanksgiving weekend sales extend through Cyber
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.
Non-traditional merchants are challenging the established matrix of the payments industry, leading towards customer-centric innovation. In the contemporary scenario, customers were increasingly demanding higher levels of service delivery and value added offerings from merchants. If merchants don’t adopt these technological innovations, they will remain in jeopardy of being overshadowed irrespective of their strong traditional fabric.
The CNP Awards 2018 recognizes QPS for delivering exceptional fraud detection and prevention solutions to drive brand value and transform consumer experience. For the second time in a row QPS has been nominated under the category of Best Anti-Fraud Solutions for this prestigious award. The 2018 CNP Awards are held as a part of the
In this era of never-ending scams and fake news, it is quite a difficult task to distinguish facts from fiction. This puzzle of identity lies right in the center of E-commerce ecosystem creating opportunities for fraudsters to exploit vulnerabilities. For Card-Not-Present (CNP) frauds, incidents are on the rise and are expected to cross $25 Billion
Does it feel like more people are working on the go, totally tapped into palm-sized screens? Owing to its appeal for millennial consumers, mobile web browsing has been steadily growing since its inception while the desktop’s share of web traffic has phenomenally decreased. Retailers, who have optimized their mobile shopping experience for their customers are