Automated Fraud Protection Helps Merchants Facing Rising Fraud

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Fraud fraud management

According to CardNotPresent:

“Merchants will lose more than $70 billion globally to card-not-present fraud in the next five years, but many still think fraud prevention is too costly, according to a new report. U.K.-based consultancy Juniper Research found that the ongoing migration to EMV technology in the U.S., a slower-than-expected rollout of 3D Secure 2.0, and a significant vulnerability via click-and-collect fraud are all factors that will drive CNP fraud losses in the next half decade.”

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How to Fight Fire With Fire to Defeat Fraudsters

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Fraud fraud management

What do Delaware, Oregon, and Florida have in common? According to an analysis by Experian, these are the states with the highest  fraud related to billing and shipping from card-not-present (CNP) transactions. If you’re an ecommerce business trying to combat this kind of fraud, you should perhaps pay extra attention to orders with billing or shipping addresses in these states. And if you get orders from South El Monte, California, look out. Experian identified this city as having the highest incidence of both billing and shipping fraud—with 1 percent and .64 percent respectively of all orders from that municipality found to be fraudulent.

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The Perils of Online Fraud and How to Fight Back

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Fraud EMV fraud management

In December, Recurly published research on holiday shopping that showed that subscription commerce continues to grow at an impressive pace. This mirrors the overall growth in holiday e-commerce, which industry research indicates grew by 16% over the previous year. Unfortunately, while Santa was bringing more gifts to more people, the Grinch was busy stealing gifts—and revenue—in the form of online fraud.

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Don’t Let the Grinch (Fraudsters) Steal Your Holiday Revenue: How You Can Fight Back

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Fraud fraud management

During the holidays, e-commerce businesses know that fraud can run rampant. That’s the impression anyway, but is it actually true?

What is true is that a lot more people are shopping and spending money, both online and off during the holiday season. This year, e-commerce holiday revenue is expected to increase by 11%—from $83 billion in 2015 to $92 billion in 2016. The increase in the number and size of transactions will certainly result in an increase in fraud in absolute terms, although fraud is not necessarily higher when measured as a percentage of total transactions.

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Recurly’s Annual List of Top Ten Trends, 2017 Edition

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Strategy Trends Mobile Fraud Payments Tax OTT IoT VSOD SVOD

As the subscription model continues to expand its share of the e-commerce market, more and more businesses see the revenue opportunities the model entails. Whether it’s subscription handbags or study aids, charitable giving or video streaming, businesses both established and upstart are adding a subscription component to the mix—or jumping in wholesale, having chosen the subscription model as the best way to meet their customers’ needs and desires.

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Keep Your Profits! Fight Fraud With Recurly and Kount

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New Features Fraud fraud management

All the research indicates that fraud attacks are on the rise and that fraudsters’ strategies and tactics are becoming ever more sophisticated as fraudsters become more brazen in their attempts to steal from businesses and consumers. Fraudsters also have a new favorite target: digital goods. As a result of fraud, card-not-present (CNP) merchants face losing revenue from chargebacks and the loss of the fraudulently obtained goods or services. If the fraud exceeds card processors’ thresholds, they can also face potentially damaged relationships with card issuers, gateways and merchant banks—the entities that businesses depend on to be able to process their payments.

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Recurly Gift Subscriptions: a Smart Customer Acquisition Strategy

Gift Subscription is not just a holiday buzzword for subscription businesses, it’s a smart customer acquisition strategy. Using the psychology of ‘social proof,’ a gift subscription given between friends or loved ones puts the gifter’s stamp of approval on the product or service, making the recipient more likely to use the gift and convert to a paying customer.

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Two-Factor Authentication, User Roles, Anti-Fraud: With Recurly, Your Data is Secure

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Best Practices Security Fraud user roles

There’s no doubt that the internet has brought myriad and far-reaching benefits to people and organizations worldwide. Unfortunately, it’s also brought hackers, fraudsters, and other criminal elements intent on stealing our personal and financial information. They are relentless, exceedingly inventive, and always looking for the next exploitable vulnerability.

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Just in Time for the Holidays: Fraud!

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Fraud

Last month, we wrote about how summer is the perfect time to start thinking about the holiday season—especially if you’re a retailer! Designing, planning, and getting ready to implement your holiday promotions (using Recurly’s coupon feature, of course!) takes time to do well and get the results you hope for.

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How to Eliminate One of the Biggest Drains on Your eCommerce Business’ Time and Resources

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Fraud

In 1901, the engine-powered vacuum cleaner was introduced, launching an era of new technology that made life easier for many, replacing manual tools with powered tools and eventually automated tools. Indeed, much of the history of technology is a history marked by improvements to tools and processes to automate tasks, saving businesses and consumers both time and money, and ultimately increasing productivity.

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