There’s been a lot in the news recently about credit card fraud and identities being stolen. In fact, so much so, that chip technology was finally implemented in major credit cards in America just recently. Americans are more and more worried that the transactions they make could eventually lead to fraud or identity theft. However, at the same time, online purchases are burgeoning like never before. A Forrester Research survey conducted in 2014 predicted that in 2017, online retail sales will go up to $370 billion, as compared to $231 billion in 2012. Six out of ten customers are worried about credit
Does e-commerce really matter to businesses?
If you own and operate a business yourself, you’ve probably asked yourself this question at least once before. Many small business owners aren’t so sure about adopting an online store where consumers can make purchases simply because there are so many risks involved — from purchasing secure payment processing solutions to figuring out a plan for card not present fraud prevention, it can get expensive and time-consuming if you manage a business and you’re trying to migrate into the world of e-commerce.
Nevertheless, it really is important to allow your customers to make purchases online and to pr