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With the Rise of Online Shopping, How Can We Make Fraud Losses Start Falling?

Written by admin on . Posted in Moto transaction type, Payment gateway, Payment gateway service

Card not present transactions

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