How Chargebacks Can Help You Battle Credit Card Fraud Right Away

Written by Wall Street News on February 23rd, 2016. Posted in Card not present fraud prevention, Ecommerce merchant account, Payment services

Credit cards payment system

People once predicted that cash would become obsolete and everything would be done with a swipe of a plastic credit card. Although cash is still around, credit card use is still on the rise, especially with the rise of online shopping. According to a Forrester Research survey conducted in 2014, online retail is supposed to hit sales of almost $375 billion in 2017 — up over a $1 million from 2012. However, as credit card use increases, so does the opportunity for credit card fraud. Studies have shown that six out of ten consumers are worried about credit card fraud when they make purchases online. Although retailers have made strides in ensuring secure payment for consumers and making sure that payment processin