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When Will the Buy Button Pay Off? Return Fraud Bedevils Retailers; Publix Adding Payments to App
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Return Fraud Is a Source of Increasing Worry for Retailers
Retail loss-prevention executives say fraud is increasing the most inside stores, but nearly a third say fraud is rising the most in online-only sales and more than 20% say it’s going up the most in multi-channel sales. The findings come from the Washington, D.C.-based National Retail Federation’s newly released National …
Read More »Visa Says EMV Chip Cards Continue To Gain Share and Cut Counterfeit Fraud
EMV chip cards continued to gain share of U.S. card payments in early 2019, although their conquest is not yet complete more than three years after the payment card networks’ EMV liability shifts. But Visa Inc. says counterfeit fraud is dropping sharply, as intended. Visa reported Thursday that 3.5 million …
Read More »Attacks From Rogue Mobile Apps Jump 300%, and CNP Fraud Continues To Boom, RSA Finds
Fraud attacks involving rogue mobile applications jumped nearly 300% in the first quarter from the preceding quarter, and fraudulent card-not-present transactions rose 17%, fraud-control services provider RSA Security says in a new report. Bedford, Mass.-based RSA says it flagged 41,313 attacks from rogue apps compared with 10,390 in 2018’s fourth …
Read More »A Surprising Jump in ACH Fraud
Which payment method holds the dubious distinction of racking up the fastest growth in fraud last year? According to the latest annual fraud report from the Association for Financial Professionals, it’s debits and credits on the automated clearing house network. In fact, the ACH was the only payment method examined …
Read More »COMMENTARY: How Mobile-App Testing Can Stop Three Common Types of E-Commerce Fraud
In the race to attract and retain today’s always-on, mobile-savvy consumer, most companies are developing their own e-commerce apps at a fast and furious pace. But small glitches, and even major mishaps, can occur when app testing is rushed or overlooked altogether, leading to unhappy consumers, lost sales, and a …
Read More »Visa To Lower Its Chargeback and Fraud Ratios for Merchants in October
Visa Inc. will lower its merchant dispute and fraud ratios in October. Merchants that exceed the revised ratios could be placed in monitoring programs meant to control risk. Visa hasn’t announced the new standards publicly, but has informed the merchant-acquiring community. Digital Transactions News obtained some of the key new …
Read More »Amazon Go To Add Cash Acceptance; ACH Fraud Jumps; eBay Adds PayPal to Payments Platform
The Latest AFP Fraud Study Unveils a Surprising Jump in Fraud on the ACH
Which payment method holds the dubious distinction of racking up the fastest growth in fraud last year? According to the latest annual fraud report from the Association for Financial Professionals, it’s debits and credits on the automated clearing house network. In fact, the ACH was the only payment method examined …
Read More »Rampant Payments Frustration; Retailers Push to Lower Debit Interchange Cap; ACH Fraud up, Says AFP
