In our latest fraud infographic, we map out a consumer journey that ties together seamless recognition with fraud prevention so businesses can provide an enhanced customer experience while properly treating third-party, first-party, and synthetic identity fraud.
A study conducted in May 2022 by Aite-Novarica Group surveyed 207 large and midsized U.S. e-commerce firms. The research quantifies the impact of online transaction fraud prevention efforts and false declines for U.S. e-commerce and digital marketplace merchants. Download for a snapshot of the study along with key findings.
Aite-Novarica Group’s The E-Commerce Fraud Enigma: The Quest to Maximize Revenue While Minimizing Fraud Report found the average false decline rate is 1.16%. With over $960 billion in U.S. online sales in 2021, lost sales due to false declines total more than $11 billion, a substantial impact for merchants and their customers.
U.S.-based financial institutions have recently reported an increase in fraudulent activity across a range of accounts and lifecycle stages. Most notable are the trends in account takeover, demand deposit account and new account fraud, all of which are exploiting addressable weaknesses. What’s the best way to prevent these types of fraud? It starts with implementing the right tools.
In this webinar, experts from Experian and Liminal discuss recent and upcoming fraud trends impacting all types of businesses -- including financial institutions, tech companies and more -- and how an automated fraud solution can minimize fraud, provide consumer confidence and reduce silos within organizations.
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