Experian’s global fraud and Identity business, the leader in customer-centric identity and fraud solutions, attracted many of the leading security professionals from around the globe at Fusion Summit 2016, its annual client event.
FICO, the predictive analytics and decision management software company, has announced that Shop Direct, the UK’s second-largest pure-play online retailer, has had great success fighting multiple types of credit fraud using FICO technology and FICO analytics. The FICO fraud solution
Retailers of digital goods are spending up to 20% of their operational budgets on fraud and chargeback management, according to a new survey from Javelin Strategy & Research. The findings of the report highlights the financial burden faced by merchants
Small businesses are being warned to be on their guard in February, with payments expert Worldpay predicting “unprecedented levels of attempted fraud”. Data from Worldpay, the UK’s leader in payment processing, suggests instances of fraud could rocket by as much
More than three-quarters of online merchants (79%) believe the growing proliferation of markets, purchasing channels and payment methods pose a significant challenge for effectively dealing with fraud, according to the Fragmentation of Fraud report released today by global payments specialist Worldpay. Only one
While the festive shopping season can provide a huge injection of revenue for most retailers, it also inevitably attracts fraudsters who take advantage of last minute shopping trends and smaller delivery windows, hoping their activities will pass undetected in the
Jumio, a credentials management company, is calling for consumers to be wary which Wi-Fi network they are connecting to at their local coffee shop. The danger of fraudsters running bogus networks with the same name as the real Wi-Fi network is
Given the ongoing financial squeeze on many households, tolerance, convenience and security are now three critical issues of acute importance for retailers and e-commerce sites, claims Nick Mothershaw, director of identity and fraud at Experian The dilemma retailers face is
Only 55% of retailers are collaborating with each other in their battle against theft and fraud despite seeing collective shrinkage reach 1% of sales, according to Martec International’s Retail Fraud Study. Further, 22% believe collaboration on any level was unnecessary. Reseachers found, while many
Stepping into online retail has many challenges. One of the biggest of all is the invisible threat of fraud. Unfortunately on the internet, unlike in a physical store, retailers will never actually get to see their customers, which makes it
Mobile payments platform provider, paythru (www.paythru.com), has achieved Level 1 PCI DSS (Payment Card Industry Data Security Standards) 2.0 compliance – the top payment card industry standards for secure payments. One key criteria of the latest standard is the use
The cost of retail crime in the UK has increased by 31% to £1.4bn – equivalent to 130,000 retail jobs, according to the British Retail Consortium’s Retail Crime Survey 2011. While there has been a reduction in the number
Three quarters of British consumers (73%) feel they need more education on contactless technology before they start paying with contactless debit and credit cards or mobile phones, according to new research commissioned by Ingenico, a leading provider of payment solutions.