Succeeding with Apple Pay Without Fear of Fraud

Apple Pay Fraud Prevention

It is hard to ignore the daily news coming up around Apple Pay these days. Some articles go as far as calling 2015 the ‘Year of Apple Pay’. Even though most people might at first think about the new convenient way of paying in brick and mortar stores Apple Pay aims at bridging the gap between the offline and online payment experience. Already in late 2014 some commentators stated that online retailers are embracing Apple Pay right away and that adding it to their set of payment processors could significantly boost their sales. (more…)

When One Chargeback Can Bankrupt a Merchant

With an improving economy and a greater selection to purchase online, the number of high end merchants on the web are swelling. Consumers can now choose from a near limitless supply of merchants selling luxury handbags, designer shoes and engagement rings. With holidays such as Mothers Day and Valentines Day accounting for an overwhelming majority of their sales, online jewelry merchants, in particular, have to compete dollar to dollar to fight for every customer who can easily buy online from any store. But in the scramble to attract and retain customers, jewelry merchants may be inadvertently opening the gates to fraudsters looking to blend themselves into the herd of legitimate customers to steal from them. (more…)

Signifyd Identified by Core2 Group as “Company on the Move”

September 2014 – Core2 Group has identified Signifyd as its most recent “Company on the Move”, highlighting Signifyd’s outstanding execution and growth in the technology sector. Signifyd has earned this achievement by demonstrating both strong performance to date and also a strong likelihood for future growth based on Core2 Group’s trajectory measurements. Signifyd joins automotive powerhouse Toyota and Silicon Valley based wealth management service, Wealthfront, on the list of companies highlighted by Core2 Group in August.

(more…)

Praxis Information Science – Partner of the Month for August 2014

Signifyd is excited to name Praxis Information Science (www.praxisis.com) as the Partner of the Month for August 2014. Praxis and Signifyd have collaborated on several projects since Praxis joined the Signifyd Partner Program in early 2014, combining Praxis’s extensive Magento development capabilities with Signifyd’s proven eCommerce Identity Intelligence to help customers reduce fraud, accept more orders, and streamline manual investigation processes.

(more…)

Help! I just got a chargeback!!

When setting up an online store, it can be an exciting time. You are building your website, uploading images of your items for sale and building out a loyal customer base that will help you increase sales as you lift your brand from nothing to a recognized symbol. Like many customers who have reached out to Signifyd, chargebacks and fraud was never even on their radar, until they got one. (more…)

E-Commerce grew 16.9% in 2013 and here is what to do about it

16.9 percent. As you read through this article, keep that number in mind. 16.9 percent. That is the percentage growth of ecommerce sales that 2013 had over 2012. It might be hard to imagine that ecommerce could have that high of a growth rate when seemingly there are endless amounts of websites already selling on the web and online giants such as Amazon have the appearance of dominating online sales. But ecommerce according to the US Census Bureau is poised for unprecedented growth. According to a report that was released on February 18th, ecommerce had $263.3 Billion dollars in sales in 2013. That number though amounts to a measly 5.8% of total sales in America. (more…)

14 reasons every online store needs to get fraud protection

Companies that sell on the internet are on the hook for any stolen credit cards they accept. This means that unless they want to lose a lot of cash to people who stole credit cards, almost every company has at least one individual checking their customers orders before they ship. But for many web based companies, ‘validating their orders’ tends to mean one or two people who are given minimal resources and tasked with the enormous goal of approving all the ‘good customers’ and cancelling all the ‘bad orders’. Here is 14 quick points on why online stores need to get serious about protecting themselves from fraud lest they drive their fraud prevention staff insane. (more…)

Who’s really at risk in Target’s credit card breach

Target

In the wake of Target’s disclosure that upwards of 40 million cards were compromised, a tsunami of public outrage and public opinions have been raised in discussions about how this happened and what Target should have done to stop it. According to the Wall Street Journal Target has already reported that sales are down as shoppers stay away out of fear. Consumers are still cautious about Target, and they are afraid of making purchases there. But should they be?

(more…)