Online Fraud Soared 30% In 2017, Double The Rate Of E-commerce Sales

Online Fraud Soared 30% In 2017, Double The Rate Of E-commerce Sales. According to U.S. Census Bureau data, eCommerce sales climbed to a record high of $453.5 billion in 2017, representing a 16% increase over the previous year. However, recent Experian reports revealed that online shopping fraud rose 30% year over year, and 63% of businesses acknowledge they…

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Why retailers lacking EMV chip readers years after deadline

Why retailers lacking EMV chip readers years after deadline. As many as one-third of small retailers are not using chip-reading credit and debit card machines, more than two-and-a-half years after they were told to swap out traditional credit card machines. The major credit card companies previously announced that any retailer, large or small, without EMV chip payment terminals after…

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