According to CyberSource’s 11th annual study of e-commerce fraud. U.S. and Canadian merchants experienced a 1-2% decline in the average percentage of online revenues lost to fraud. Losses from fraud have held steady at 1.4% since 2006. Online fraud will cost North American merchants an estimated..
Research organization Aite Group released results from a survey of merchant acquiring banks and independent sales organizations about payment processing opportunities and challenges for the coming year.The biggest problem being faced by payment processing acquirers in 2009 was the attrition of..
The economy is hitting ecommerce hard. Ecommerce has finally been struck by negative growth and the future is not cheerful.Third quarter 2009 research from internet research firm comScore indicates that retail spending for online purchases was $29.6 billion, a decrease of fell 2% over the same..
According to research firm Aite Group U.S. payment card issuers lost nearly $4 billion in charge volume in 2008, including $78.7 million in interchange, due to problems cardholders had with their cards while traveling abroad. The issues Americans have with cards while traveling can be divided into..