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JP Morgan to Discontinue Chase Pay for Mobile Contactless Payments

Nov 5, 20211 min read

JP Morgan to Discontinue Chase Pay for Mobile Contactless Payments

Unable to catch up to Apple, Samsung or Google Play, Chase Pay was used by less than 10 percent of Chase cardholders in the last 90 days,...

Equifax Acquires SMB Credit Rating Firm PayNet

Fraud Practice

Nov 5, 20211 min read

Equifax Acquires SMB Credit Rating Firm PayNet

Founded in 2000, PayNet provides a range of services and data products for leasing and commercial lending companies to make better credit...

MasterCard Acquires Ethoca, Post-Transaction Provider Pioneer

Fraud Practice

Nov 5, 20211 min read

MasterCard Acquires Ethoca, Post-Transaction Provider Pioneer

MasterCard announced on March 12 their acquisition of Ethoca, pioneer of the chargeback or issuer alert service. The acquisition is...

Nearly 450 Million Consumer Records with PII Exposed in 2018

Fraud Practice

Nov 5, 20212 min read

Nearly 450 Million Consumer Records with PII Exposed in 2018

According to the Identity Theft Resource Center, who just released their 2018 End-of-Year Data Breach Report, the number of data breaches...

Cyber Monday and Black Friday Reach Record Highs Totaling More Than $14 Billion in Online Sales

Fraud Practice

Nov 5, 20211 min read

Cyber Monday and Black Friday Reach Record Highs Totaling More Than $14 Billion in Online Sales

Cyber Monday 2018 was the largest online shopping day recorded in the U.S. with $7.9 billion in sales volume, according to Adobe...

Consumers More Concerned with Fraud than Overspending During Holiday Season

Fraud Practice

Nov 5, 20211 min read

Consumers More Concerned with Fraud than Overspending During Holiday Season

A recent survey from CaptialOne found that 26 percent of consumers believe Cyber Monday is the riskiest day of the year to shop online...

Alibaba’s Singles Day Sales Exceed US Online Sales from Thanksgiving Through Cyber Monday

Fraud Practice

Nov 5, 20211 min read

Alibaba’s Singles Day Sales Exceed US Online Sales from Thanksgiving Through Cyber Monday

Alibaba, China’s largest online company, reported gross merchandise value (GMV) of $30.8 billing on Singles Day or 11/11. This metric,...

Measuring False Positives is Not an Exact Science

Fraud Practice

Nov 5, 20214 min read

Measuring False Positives is Not an Exact Science

Using Multiple Metrics can Provide a Better Understanding When a legitimate customer has their order declined because of fraud concerns...

Nearly 90 Percent of U.S. eCommerce Sales are Domestic, Here are Several Reasons Why

Fraud Practice

Nov 5, 20213 min read

Nearly 90 Percent of U.S. eCommerce Sales are Domestic, Here are Several Reasons Why

A recent study from PPRO and Edgar, Dunn & Co. found that while about 40 percent of online sales in European countries are made to...

Using Compelling Evidence to Combat Chargebacks for Your Business

Fraud Practice

Nov 5, 20214 min read

Using Compelling Evidence to Combat Chargebacks for Your Business

Guest Post & Case Study by: J. Carlson, Certified eCommerce Fraud Professional Chargeback disputes occur when a cardholder disputes a...

Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion

Fraud Practice

Nov 5, 20212 min read

Reports Show Merchants Struggle to Balance Fraud Prevention and Sales Conversion

Card Not Present channel Merchants cite order rejection rates of nearly 3 percent for domestic transactions and nearly 7 percent for...

Amazon Increased Conversion Additional 36% After Fixing Early Issues on Prime Day

Fraud Practice

Nov 5, 20212 min read

Amazon Increased Conversion Additional 36% After Fixing Early Issues on Prime Day

According to marketing analytics data from Jumpshot, when Amazon’s Prime Day kicked-off on Monday July 16 their daily sales conversion...

PayPal Completes $120 Million Acquisition of Simility

Fraud Practice

Nov 5, 20211 min read

PayPal Completes $120 Million Acquisition of Simility

PayPal completes their fifth acquisition in the past 12 months, this time purchasing machine learning fraud prevention provider Simility...

Hyundai Follows Ford and Chevy with Partnerships to Develop In-Car Mobile Payments

Fraud Practice

Nov 5, 20212 min read

Hyundai Follows Ford and Chevy with Partnerships to Develop In-Car Mobile Payments

Hyundai recently announced they are developing a mobile wallet while also partnering with a restaurant and two major gas stations for...

How WireCash Manages Fraud & Found Success Underwriting Digital Money Transfers to High Risk Markets

Fraud Practice

Nov 5, 20216 min read

How WireCash Manages Fraud & Found Success Underwriting Digital Money Transfers to High Risk Markets

Sarasota, FL, May 22, 2018 / By: Justin McDonald, The Fraud Practice How well would your fraud management program perform if your...

One Million Victims and $2.6 Billion Loss to Child Identity Theft in 2017

Fraud Practice

Nov 5, 20212 min read

One Million Victims and $2.6 Billion Loss to Child Identity Theft in 2017

While 19 percent of US adults who were notified of a data breach fell victim to identity fraud last year, more than twice as many...

Fraud Practice

Nov 5, 20212 min read

Number of Records Compromised in U.S...

...Data Breaches Nears All-Time High While Nearly 90 percent Included Victims’ SSNs Nearly 1,600 data breaches occurred in the United...

About Social Engineering: A Case Study and How it Relates to Spear Phishing

Fraud Practice

Nov 5, 20213 min read

About Social Engineering: A Case Study and How it Relates to Spear Phishing

What is social engineering? Social engineering is a fraud technique used to deceive individuals or businesses into unknowingly providing...

Thanksgiving, Black Friday and Cyber Monday all Set New Record Highs

Fraud Practice

Nov 5, 20212 min read

Thanksgiving, Black Friday and Cyber Monday all Set New Record Highs

Desktop and mobile eCommerce sales reached a combined $14.5 billion across Thanksgiving, Black Friday and Cyber Monday, while CNP channel...

Alibaba Exceeds $25 Billion in Purchase Volume on Single’s Day

Fraud Practice

Nov 5, 20212 min read

Alibaba Exceeds $25 Billion in Purchase Volume on Single’s Day

Alibaba shattered previous sales records on Single’s Day in China, the largest global online shopping day of the year, reaching $25.3...

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