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Effective April 2023, Visa is launching the Compelling Evidence (CE) 3.0 program to update compelling evidence requirements for fraud category chargebacks. While the new framework is designed to help merchants fight friendly fraud, there are concerns about how it will impact the broader chargeback dispute ecosystem. Visa has assured merchants that if they can provide […]
May 11, 1997, was a watershed moment. Gary Kasparov, then the no. 1 ranked chess player in the world, lost a match in under 20 moves to IBM’s supercomputer Deep Blue. Despite a temporary rally, the match ended with a 3.5-2.5 win to the machine, reversing Kasparov’s triumph just 15 months earlier. The famous match […]
Return policy abuse is on the rise, but existing fraud prevention tools simply weren’t designed with this challenge in mind—until now. Riskified’s Eyal Elazar, Senior Director of Product Marketing, and Joe Gelman, Product Marketing Manager for Policy Protect, offer their expert advice on how retailers can protect their bottom line and realize the true promise […]
Earlier this week, the National Retail Federation (NRF) brought the merchant community together for Retail’s Big Show. With over 175 sessions, this year’s event was a proving ground for game-changing innovations, emerging trends, and breakthrough technologies that set the industry’s priorities for the upcoming year. Our NRF 2023 recap zeroes in on the key highlights […]
Despite a challenging and unpredictable few years, one thing remains true: How Riskified supports our customers, cares for our employees, and serves our communities defines our company. A new year allows us to reflect on Riskified’s impact through our corporate social responsibility program, Riskified Cares in 2022. Riskified Cares by the Numbers In 2022, Riskified […]
The world is at a turning point as it exits an era of digital transformation. Ecommerce is still on a growth trajectory and is estimated to reach $8.14 trillion in global revenue by 2026 despite the hits it took in 2022. However, faced with rising energy and goods prices due to rising geopolitical tensions, global […]
A new survey reveals that consumers are taking advantage of retailers’ policies to obtain goods through fraudulent returns, wardrobing, coupon fraud, and more. In early November 2022, Riskified surveyed 1,000 U.S. eCommerce shoppers about their attitudes toward retail return fraud or policy abuse. Consumers answered if they had ever done any of the following actions […]
With consumer spending remaining solid, the overall forecast for 2022 holiday season shopping will be better than expected. Still, fears of recession and rising inflation amidst supply chain woes weigh heavy on shoppers’ minds. This year, 60% of consumers will rely on gift cards to fill gaps in product availability and combat high prices. But to grow the bottom […]
Corporate Social Responsibility (CSR) has evolved to become a crucial factor in how organizations run their business and positively affect the communities around them. It’s even the basis for how many consumers decide where to shop and employees choose where to work. At Riskified, social awareness and responsibility are integral to our company’s DNA. And […]