Retail Decisions Provides Valuable Tips To Online Retailers
HAZLET, N.J.--(BUSINESS WIRE)--There is a swelling army of invisible thieves, perhaps the worst kind, who are pillaging online merchants via stolen credit and debit card information. Criminals use stolen credit and debit card information to fraudulently purchase items for resale.
According to Retail Decisions (ReD), a world leader in card fraud prevention and payment processing, during holiday season 2006, online purchasing activity is predicted to peak for major retailers, December 11th, between 2:00PM and 3:00PM EST.
If Black Friday was an early indication of how the number of transactions and volume of sales will increase, ReD is expecting to identify and stop greater volumes of attempted fraud this year. On a like for like basis, ReD saw volumes increase by 109% on Black Friday for its U.S. clients. Unfortunately, merchants without a sophisticated fraud prevention system will see fraudulent product purchases skyrocket.
According to Retail Decisions (ReD), a world leader in card fraud prevention and payment processing, during holiday season 2006, online purchasing activity is predicted to peak for major retailers, December 11th, between 2:00PM and 3:00PM EST.
If Black Friday was an early indication of how the number of transactions and volume of sales will increase, ReD is expecting to identify and stop greater volumes of attempted fraud this year. On a like for like basis, ReD saw volumes increase by 109% on Black Friday for its U.S. clients. Unfortunately, merchants without a sophisticated fraud prevention system will see fraudulent product purchases skyrocket.
Read more at: Retail Decisions Provides Valuable Tips To Online Retailers
posted by e-borneo.com @ 7:33 PM
0 Comments:
Post a Comment
<< Home