Digital fraud, while nothing new for merchants and payment processors, continues to gain momentum and is predicted to surge even higher during the upcoming a holiday season, a report from Arkose Labs says. Overall, fraud attacks have increased 15% compared to the previous quarter. In addition, Arkose is predicting 8 …
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Consumers Intend to Embrace BNPL As Never Before This Holiday Shopping Season
Heading into the holiday shopping season, consumers are poised to make even more use of buy now, pay later options than in the past. Overall, 42% of consumers plan to use BNPL while holiday shopping, according to a survey by GoCardless, a provider of account-to-account payments. When Millennials were asked …
Read More »Eye On BNPL: ACI Partners With Affirm; Afterpay’s Holiday Shopping Survey
ACI Worldwide Inc. added to its growing list of buy now, pay later partners on Monday, announcing a deal with Affirm Inc. Merchants using the processor’s ACI Secure eCommerce solution can offer consumers the ability to make purchases with Affirm and split the cost of the purchase into biweekly or …
Read More »What to Expect from the New CFPB Director; Holiday Fraud Takes No Rest; Plus Weekly Recap
COMMENTARY: The Holidays Are Coming, But Transaction Fraud Doesn’t Take Holidays
Since the global pandemic turned the world upside down, millions of consumers have taken their in-person shopping habits online. Fraudsters have noticed this shift in consumer shopping behavior and are capitalizing on it by trolling and exploring vulnerabilities throughout users’ entire online shopping journeys. While the holidays may seem far …
Read More »C-Store Chain Expands Wallet Nationally; Amid Covid, Holiday Retail Sales up; Transit App Gets Onboard
Despite Covid, Holiday Retail Sales Beat Expectations Handily, the NRF Says
The numbers are in, and it turns out the holiday shopping season was not only better than expected, but also better than the one in 2019, weeks before the coronavirus pandemic struck in the United States. Retail sales in November and December totaled $789.4 billion, up a healthy 8.3% over …
Read More »Gift Card Surge Expected; 2020 Online Holiday Shopping To Grow; Ziosk Expands Its Device Platform
E-Commerce Will Flourish This Holiday Season, But Watch Out for Fraud, ACI Warns
The economy may have fallen into recession, but processors and online stores can expect a healthy holiday season this year, according to projections released Thursday by ACI Worldwide Inc. The Naples, Fla.-based payments provider said e-commerce transactions will jump 27% globally in the fourth quarter compared to the same period …
Read More »Fraud and Retail E-commerce: Prepping Trust and Safety Teams for an Unpredictable Holiday Season A Webinar
When it comes to fighting fraud during this year’s holiday season—a time when, any other year, e-commerce would likely be booming and fraudsters would be after the usual targets—all we can really expect is change. Now more than ever it is important to be proactive with your trust and safety …
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