Global e-Commerce: How Merchants Can Grow Online Sales Without Losing Out To Fraudsters
Click here to download your free copy of GlobalCollect’s latest White Paper
The good news is that e-commerce has grown between 15% - 25% every year over the past 10 years. The strong growth trend in e-commerce is expected to continue for the next five years, with the potential of reaching US$1 trillion sales by 2011.
The bad news is that payment fraud has become a major threat for the e-commerce industry with the ability to impact its booming global growth significantly. In most cases, online fraud is not only increasing in numbers but also becoming more complex to address.
This white paper describes the key trends in e-commerce and related fraud as well as the complexity of different types of fraud across some key countries and verticals. It also provides an overview of best practices, including a real life case study by Levi’s.
Fraud will not disappear, nor will you ever bring it down to zero. The solution is to manage fraud by deploying the appropriate range of tools and leveraging a skilled fraud prevention team. This white paper gives you an in-depth analysis of the current fraud landscape; it also illustrates how an experienced payment service provider like GlobalCollect can help you as a merchant to enjoy the financial benefits of selling online by implementing a customized fraud prevention strategy for your business model.
GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail, and telephone orders, and specializes in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes. Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices.
Click here to download your free copy of GlobalCollect’s latest White Paper
Learn more about Global Collect at www.globalcollect.com
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Comments
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Posted by Ik Sourav, 07/10/2010 2:55pm (2 years ago)
The problem with any fraud prevention strategy is the fact that you can lose out on legitimate sales while increasing costs , downtime, and headache among staff who would be less productive while not gaining a sale, its not so much a balancing act while being a specific targeted act.
The merchant of course is not only the one to blame, but the banks and of course the headache with programs such as verified by visa and mastercard securecode, which are still not widely adopted by merchants and banks and consumers have problems with it and also it is a target for phishing .
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Posted by sd, 30/09/2010 8:25am (2 years ago)
RGS provides insurance solutions to the payments industry. Our uncollectable chargeback policy helps banks and ISO expand their portfolios without the risking their entire company on one failed merchant.
Our data breach insurance policy also offers a great revenue opportunity for banks and ISOs while protecting merchants in the event they suffer a breach.
Stang@royalgroupservices.com
248-688-9356
Posted by Scott Stangeland, 29/09/2010 1:23pm (2 years ago)
RGS provides insurance solutions to the payments industry. Our uncollectable chargeback policy helps banks and ISO expand their portfolios without the risking their entire company on one failed merchant.
Our data breach insurance policy also offers a great revenue opportunity for banks and ISOs while protecting merchants in the event they suffer a breach.
Stang@royalgroupservices.com
248-688-9356
Posted by Scott Stangeland, 29/09/2010 1:23pm (2 years ago)
RGS provides insurance solutions to the payments industry. Our uncollectable chargeback policy helps banks and ISO expand their portfolios without the risking their entire company on one failed merchant.
Our data breach insurance policy also offers a great revenue opportunity for banks and ISOs while protecting merchants in the event they suffer a breach.
Stang@royalgroupservices.com
248-688-9356
Posted by Scott Stangeland, 29/09/2010 1:23pm (2 years ago)
RGS provides insurance solutions to the payments industry. Our uncollectable chargeback policy helps banks and ISO expand their portfolios without the risking their entire company on one failed merchant.
Our data breach insurance policy also offers a great revenue opportunity for banks and ISOs while protecting merchants in the event they suffer a breach.
Stang@royalgroupservices.com
248-688-9356
Posted by Scott Stangeland, 29/09/2010 1:23pm (2 years ago)
RGS provides insurance solutions to the payments industry. Our uncollectable chargeback policy helps banks and ISO expand their portfolios without the risking their entire company on one failed merchant.
Our data breach insurance policy also offers a great revenue opportunity for banks and ISOs while protecting merchants in the event they suffer a breach.
Stang@royalgroupservices.com
248-688-9356
Posted by Scott Stangeland, 29/09/2010 1:23pm (2 years ago)
RGS provides insurance solutions to the payments industry. Our uncollectable chargeback policy helps banks and ISO expand their portfolios without the risking their entire company on one failed merchant.
Our data breach insurance policy also offers a great revenue opportunity for banks and ISOs while protecting merchants in the event they suffer a breach.
Stang@royalgroupservices.com
248-688-9356
Posted by Scott Stangeland, 29/09/2010 1:23pm (2 years ago)
RGS provides insurance solutions to the payments industry. Our uncollectable chargeback policy helps banks and ISO expand their portfolios without the risking their entire company on one failed merchant.
Our data breach insurance policy also offers a great revenue opportunity for banks and ISOs while protecting merchants in the event they suffer a breach.
Stang@royalgroupservices.com
248-688-9356
Posted by Scott Stangeland, 29/09/2010 1:22pm (2 years ago)
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