Tag "Vesta"

How to Prevent Promo Abuse Fraud From Damaging Your eCommerce Business

In this article, learn about what promo abuse fraud is and the steps you can take to prevent it from hurting your company’s bottom line. According to the most recent Association of Certified Fraud Examiners (ACFE) report, U.S. businesses lose

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Striking a Balance Between Fraud Prevention and the Customer Experience

Fraud prevention should never interfere with the customer experience of a website. Learn how to find the right balance between stopping fraudulent transactions, and providing your customers with a seamless purchasing experience. It’s impossible to overstate the risk of fraud

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4 Types of Payment Fraud that eCommerce Merchants Need to Watch For

From phishing to wire transfer scams, there are many clever types of payment fraud that eCommerce merchants need to be aware of. In this article, learn about the four most common types of payment fraud. Payment fraud is a serious

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5 Ways to Protect Your Digital Wallet From Fraud

Your e-wallet, online voucher, or online gift card may be vulnerable to fraud. Notice the signs and take precautions after reading this guide. As the world struggled with the COVID-19 pandemic in 2020, e-fraud has boomed. Mid-to-large sized American e-retailers

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The Key Questions to Consider When Choosing a Fraud Solution for Your Business

Fraud solutioIn this article, learn the key questions you should consider when searching for a fraud solution for your business. Did you know that 27% of online sales end up being fraudulent? As more and more businesses are relying on ecommerce platforms

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5 eCommerce Fraud Prevention Trends to Monitor in 2021

Fraud prevention requires constant vigilance in order to stay ahead of emerging fraud trends. Here are 5 ways you can protect your business from fraud attacks in 2021. Online and card-not-present (CNP) transactions have increased during the COVID-19 pandemic. Experts

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The True Cost of eCommerce Fraud

This article takes a closer look at how much fraud is really costing merchants, and what companies can do to better balance their acceptance and fraud rates. When it comes to eCommerce fraud management, businesses tend to focus on the direct financial

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The Business Times: Managing Risk of Rejecting Valid Transactions

With e-Commerce fraud and payment scams on the rise, companies must invest in progressive tools to address the cost of rejecting  transactions from legitimate customers. Vesta‘s General Manager of Asia Pacific, Shabab Muhaddes shares his thoughts with The Business Times

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How Artificial Intelligence Can Improve Your Ability To Detect Fraud

Online merchants can no longer rely on simple rule-based engines to stop fraud. Utilizing artificial intelligence is essential in protecting your business from modern fraud attempts. The tactics used to commit card-not-present (CNP) fraud have changed dramatically in the last

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Friendly Fraud & Chargeback Fraud Prevention as a Competitive Advantage for Vulnerable Industries

Recent fraud numbers can send a chill down any merchant’s spine. According to Experian, e-commerce fraud increased by 30% in 2017 while total online sales increased by 16%. This means that the number of fraudulent activities is growing twice as fast

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