While analysts expected fashion growth to slow down in 2020, none could have predicted a disruption that would contract the industry’s global revenue by nearly 30%. Store closures and shifts in consumer priorities impacted this decline, but eCommerce offers a lifeline for merchants looking to recoup lost revenue. Fashion retailers and brands must adjust their […]
Julia Millot
Fraud Prevention
Is AVS for Fraud Detection Still Relevant?
The address verification system (AVS) has been one of the most relied upon forms of fraud detection for years. It checks the billing address submitted by the card user during checkout with the billing address on record at the issuing bank. The credit card processor indicates how much of a match there is to the […]
Fraud Prevention
How Machine Learning Promotes Adaptive Fraud Detection
We’re living in the future – well at least the future we imagined not very long ago. Cars are beginning to drive themselves, voice assistants are able to complete tasks for us, and we can unlock our phones using our face. All of these improvements are advancements in technology powered by machine learning. This is […]
Recouping lost revenue
Preempting Friendly Fraud: Disputing Chargebacks with the Power of AI
As businesses shutter their doors due to the COVID-19 pandemic, consumers across the globe are staying indoors and focusing on essentials. People are turning to eCommerce for food, home improvement supplies and gym equipment, which puts strain on fulfillment resources that are already limited. At the same time, non-essentials, such as clothing and accessories, are […]