False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning. According to findings detailed in “Fraud Management, False Declines and Improved Profitability,” false declines put a staggering $157 billion at risk in the United...
Many U.S. eCommerce merchants prioritize international markets, but see higher failed payment rates in cross-border transactions than in domestic ones. These payment failures significantly impact their bottom line. PYMNTS Intelligence estimates that failed cross-border payments cost U.S. merchants at least $3.8 billion in lost sales...
From education to business to healthcare, the opportunities that artificial intelligence presents are limitless — at least according to proponents of the technology. But what about the specifics of AI’s actual applications? “I think the impact on payments is pretty significant,” AI-ID founder and CEO Shaunt Sarkissian told PYMNTS...
More than half of Americans made at least one purchase on Black Friday, according to PYMNTS Intelligence data. However, not all online transactions were likely successful. According to PYMNTS Intelligence data, nearly 1 in 10 online transactions failed in the last 12 months, which means that on...
February 23, 2024
False declines, which cause friction in the payment process, have a detrimental effect on transaction success rates and discourage customers from returning. According to findings detailed in “Fraud Management, False Declines and Improved Profitability,” false declines put a staggering $157 billion at risk in the United States alone in 2023, with an estimated $81 billion ultimately […]
February 21, 2024
Many U.S. eCommerce merchants prioritize international markets, but see higher failed payment rates in cross-border transactions than in domestic ones. These payment failures significantly impact their bottom line. PYMNTS Intelligence...
December 15, 2022
The digital economy’s capacity to operate in real time across international borders can add layers of complexity to businesses’ commercial opportunities. Digital businesses can launch globally as quickly as they...
November 04, 2022
In economic crises, companies often reflexively clamp down on new product and market development, when in many cases such times can be exploited as springboards to growth. Speaking with PYMNTS...
October 06, 2022
Gaming industry supplier Everi has added Prove Identity’s digital identity verification solutions to further reduce bad actors, fraudulent accounts and user friction from transactions in casinos. Everi’s Digital CashClub Wallet technology helps casino operators with funding for on-premise gaming devices, payments at point-of-sale (POS) machines and offering customers ways to access funds while on the […]
July 25, 2019
A new report from GIACT Systems has revealed that $3.4 billion was lost due to New Account Fraud (NAF) last year. According to the report, The Evolution of New Account...
July 31, 2018
Visa has announced a strategic global partnership with Sabre that will allow the technology provider for the travel industry to utilize CyberSource, Visa’s payment management platform. The partnership will enable...
December 16, 2015
Kount, which aims to help businesses boost sales by reducing fraud, has announced its $80 million growth equity investment from CVC Capital Partners (via its CVC Growth Fund) to help grow...
