In a world where retailers are losing $77 million in revenue per day due to eCommerce fraud globally, you better have the right fraud prevention strategy in place if you expect to survive. But should you use a third-party fraud management solution or build your own fraud team in-house?
Managing eCommerce fraud is extremely challenging, leaving many merchants stuck between elevated exposures and disrupting valuable customer experiences. Going it alone means merchants must invest heavily in fraud detection tools, collaborate with third-party agencies, and dedicate numerous resources to mitigating fraud. A daunting task for sure. However, digging a little deeper, there is an even more troubling trend at play.
In the last blog, I shared IHL Group’s findings from the “2015 Store Infrastructure Study”. Primarily, I looked at the WiFi results and the realization that stores need to upgrade their networks to support new cloud-based internal and customer-facing applications. Now let’s dig into the security part of the results.
According to the survey, 54% of respondents consider their WAN/LAN network security “currently ready.” Another 34% say they’ll be ready within 12 months.
A professional mountain biker turned entrepreneur, Nick Martin turned passion to profit when he started selling his cycling gear on eBay. In 8 years, The Pro’s Closet has become the largest used cycling store on eBay - enjoying year round sales, no matter the weather - thanks to the ability to sell to cycling enthusiasts all over the world.
When you can’t find what you’re looking for, maybe it’s time to make it yourself. That’s the mentality that led husband-and-wife duo Ryan and Miranda McCullagh to launch Whistle & Flute Clothing, a fun and modern clothing line for kids and adults. Their designs are loved by people all over the world. The Canadian couple from Victoria, B.C. gets wholesale orders from across the globe.
Retailer Innovation Award recipients aren’t just doing something new, they’re reaping the business reward for the execution of their innovation.
As the groundwork for enterprisewide data visibility falls into place, a game of connect-the-data dots is playing out in stores.
With about 8 months to go before the EMV liability shift, time is running short for retailers — and consumers — to get ready.
Mobility is making a huge impact on how retailers deal with everything from inventory visibility to customer experience — with the ultimate goal of increased sales.
The independent furniture retailer replaced its payment terminals chain-wide to capitalize on the latest encryption and tokenization technology.
Let Radial handle the complexity and risk of payment processing, fraud management and tax compliance. Our fully outsourced solution turns orders into revenue, sends criminals running, keeps governments satisfied, and turns one-time shoppers into repeat customers.
Radial Fraud Insight supplements your existing fraud management capabilities with a real-time High, Medium, or Low rating for your transactions. Radial’s new Fraud Insight tool opens up Radial’s expertise and machine learning technology to help you convert more orders and evaluate transactions within your existing infrastructure.
Financial breach protection and solutions for achieving and maintaining compliance.
Equinox Payments (“Equinox”), a leading provider of payment terminals, applications and support services, and NCR, a global leader in omni-channel solutions, recently announced the availability of a robust payment solution that helps increase security and quickly enables EMV-certified technology in their retail point-of-sale (POS) systems.
Clearent, one of the fastest-growing payment processing companies in the U.S., recently announced the release of its Hosted Payment buttons and forms.
Alert™ POS, a leader in Windows™ tablet/terminal point-of-sale (POS) solutions for restaurants and retailers, announced today its new Active Intelligence security feature, a first in the POS industry. With today’s security threats on the rise, Alert POS has taken the lead to directly link its hyper-cloud POS solution to law enforcement and the 911 emergency phone system, sharing critical, verifiable information in emergency situations.
Electronic Payments, a leading provider of payment processing solutions, recently announced the acquisition of substantially all the assets of Vault Payments Group (Vault), a premier provider of integrated payment offerings for Acumatica, Microsoft, NetSuite and Sage ERP.
Mobile Marketing & Technology recently introduced keynote and other confirmed speakers for the 2016 Mobile Payments Conference(MPC), taking place August 29 – 31, 2016 at the Renaissance Chicago Downtown Hotel in Chicago, IL. Click here for an up-to-date speaker list (https://mobilepaymentconference.com/2016-speakers).
One of the products at the 2015 NRF show that caught my eye – though my eyes couldn’t quite catch up to it – was the A799II thermal receipt printer by CognitiveTPG. Promoted as the “fastest receipt printer,” the A799 shows in this video it can print the over 4,500-word United States Constitution in about 9 seconds. Cognitive executives told me the demonstration was inspired by French artist/engineer Thibault Brevet who presented at the SXSW Conference in 2014.
Payments in retail are undergoing one of the largest shifts in history, with the impending move to EMV chip-and-pin and the rise of mobile payments. Here, Bob Johns, editor with Integrated Solutions For Retailers, talks with Erik Vlugt, Vice President of Product Marketing at VeriFone, to discuss the rapidly changing world of payments in retail, the impact of mobility, and the challenges retailers face as they try to implement for today and the future.