Whitepapers

Failure to control fraud levels can have a significant impact on a merchant’s bottom line - not only in terms of revenue loss and reputational damage but also through fines levied by the card schemes when fraud exceeds an ‘acceptable’ level. As a merchant, do you know the level below which you need to maintain fraud, to avoid scheme fines?

Over the past 30 years, fraud has taken on many guises, developing and evolving in line with our thirst for a faster, more sophisticated, innovative banking service for our demanding and exacting customers.

Today’s gamer wants to play your game now. Your customer wants to be able to download games, video and other digital content at a time of his or her choosing, without delay. Immediate delivery requires instant verification of the payment transaction, bringing increased risk of payment fraud.

A recent report from Datamonitor* predicts that global online commerce will become a $1.4 trillion market by 2014 - with China overtaking the United States as the leading online commerce market a year later.

The prepaid cards market is growing. According to Boston Consulting Group*, the aggregate value of funds loaded onto open loop prepaid cards in Europe is expected to reach $156bn (€127bn) by 2017, up from $22bn (€18bn) in 2010. Key areas of prepaid growth are expected to include government benefit schemes, corporate payments such as salaries and travel expenses and the adoption of prepaid as a consumer travel solution.