Home 2014 November
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The Fraud Practice Offers Free White Paper and Webinar on Custom Modeling & Analytics for eCommerce Merchants

The Fraud Practice is hosting a webinar at 1pm ET on December 4th accompanying the new white paper titled “Enabling Custom Modeling & Analytics for The Modern eCommerce Merchant” which will be released the same day.  The eCommerce market has continued to mature over recent years to the benefit of both consumers and businesses that

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Identity Document Verification as a Lowest Common Denominator Risk Management Technique

The Fraud Practice discusses common issues merchants face with stale or unavailable identity data when attempting to authenticate and verify a user online and how identity document verification can be applied as a “lowest common denominator” technique in the latest feature article. Too often organizations associate identity document verification with the banking and financial services

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MasterCard and Visa to Upgrade 3D Secure Consumer Authentication, Stop Using Static Passwords

MasterCard and Visa are collectively working on a new authentication standard, currently being referred to as 3DS 2.0, which will make further use of cardholder data to reduce the need for authentication challenges. When a challenge is presented under the new protocol, it will rely on one-time-use passwords or biometrics rather than a static password.

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Differentiating Data Analytics from Data Analysis

In an interview with ZDNet, Josh Sullivan, leader of the data science and analytics practice at Booz Allen Hamilton, discusses the importance of human analysis complementing machine analytics. While the focus is on big data for any application, the discussion and points made provide insights and important considerations very relevant to modeling and analytics for

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Worldpay Acquires Multi-Channel Payment Provider SecureNet

Worldpay, the UK-based global payment provider, announced their acquisition of SecureNet in mid-November with the deal expected to close before the end of this year. SecureNet, a payment provider offering services for in-store payments, mobile point-of-sale payments and online payments, has over 17,000 merchant clients with annual processing volumes exceeding $19 billion. This marks Worldpay’s

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The Impact of Manual Reviews on Your Customers and Brand

The Fraud Practice discusses the importance of taking the time to consider the options for performing manual review as it is a good way to protect the two most important assets a merchant has: their customer and their brand. When an order has a mix of high and low risk signals or the merchant just

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Holiday Shoppers More Likely to Use Cash and Avoid Retailers Who Suffered Breaches

The Target data breach was the story of the 2013 holiday season and several other major retailers have failed to prevent the compromise of their customers’ payment and personally identifiable information since. With this in mind, it should not be too surprising that 45 percent of cardholders responded “definitely not” or “probably not” when asked

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Mobile Propels Higher U.S. e-Retail Forecasts for Holiday Season and 2014 Calendar Year

Recent forecasts from eMarketer estimate eCommerce retail sales will exceed $305 billion in 2014, a 16 percent increase from last year, as more than $72 billion in eCommerce sales are expected to occur during the holiday season. These e-retail volume forecasts include transactions completed from mobile devices, which are expected to grow by 37 percent

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Digital River Goes Private Pending $840 Million Acquisition

Global eCommerce payments company Digital River has entered into an agreement to be acquired by investor group Siris Capital, LLC in a transaction valued at approximately $840 million. Pending approval of the deal, the publicly traded company will now be private as Siris will acquire all outstanding common shares of Digital River at a premium

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Couriers Expecting Holiday Shipments to Increase by About 10 Percent This Year

Shipping companies always hire seasonal employees to help with increased deliveries during the holiday season but this year both FedEx and UPS are expecting considerable growth from last season, 8.8 and 11 percent, respectively. Meanwhile the U.S. Postal Service is anticipating a 12 to 14 percent increase in holiday season deliveries. The continued increase in

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