Cyber Monday 2016! Keep Calm And Click On With Quatrro Processing Services
shared by quatrroprocessing on Nov 28
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U.S. shoppers are expected to make the coming Cyber Monday the biggest online shopping day in history. According to Adobe Digital Insights (ADI), Cyber Monday is expected to hit $3.36 Billion in onlin...
e sales this year. This corroborates the much talked shift signaling that consumers have become more comfortable spending money online albeit the rising concern of Card Not Present (CNP) fraud. Increased CNP transactions will provide an expanded arena to fraudsters; in turn merchants and financial institutions will need to stay prepared to handle this critical threat.
Recent reports suggest that because of the delay in Euro Master Visa (EMV) adoption and emerging fraud schemes, the 2016 holidays could be fraud-filled. Banks, credit unions and merchants need to be stay cautious in the backdrop of the fact that fraudulent gift cards are 10X more likely to be used during the holidays. With increased CNP transactions, every day is a Cyber Monday that calls for extra caution and preparedness.
The presented info graphic has been designed to provide you deeper insight of Cyber Monday online shopping trends, projected payment preferences for 2016, vital fraud facts and Quatrro’s fraud prevention services for merchants and financial institutions.
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