Fraud Prevention
This content was paid for and produced by Riskified in partnership with the Commercial Department of the Financial Times. Minimizing risk exposure is a core responsibility for CFOs in any organization. In ecommerce, the danger of a major fraud attack is always lurking, creating not only a constant threat of catastrophic losses, but also an … Continued
This content was paid for and produced by Riskified in partnership with the Commercial Department of the Financial Times. What is the bottom-line impact of preventing card-not-present (CNP) fraud? Even the most responsible CFO may not have an accurate answer because the true costs of fraud aren’t just a matter of tallying chargebacks. Even the … Continued
This content was paid for and produced by Riskified in partnership with the Commercial Department of the Financial Times. Balancing risk and reward is second nature to CFOs, particularly when navigating the intricate world of card-not-present (CNP) payment fraud. The risk takes the form of chargeback costs incurred for approving fraudulent payments, and the reward … Continued
Accountability is the glue that holds our operations together. It’s about taking responsibility for maintaining the integrity of our business environment. Just as we’re responsible for the well-being of our families and communities, as executive leaders, we’re accountable for our teams’ success and the outcomes they achieve. However, confusion often arises between accountability and consequences. … Continued
Ever heard of the Australia Payments Network (AusPayNet) CNP Fraud Mitigation Framework? If not, you’re not alone. And you’re fortunate. Merchants taking card-not-present (CNP) payments in Australia often learn the hard way about this fraud-reduction program when they get dinged for excessive chargebacks by the Australian Payments Network (AusPayNet). How do we know? Because they … Continued
Crime pays (a lot), according to Riskified data. Our recent analysis on how fraudsters make money shows it takes just 90 minutes of work per week for them to reap returns from malicious activity — and with a $30k weekly investment, fraudsters can generate more than $50k in weekly revenue. Despite this easy payday, there’s … Continued
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 … Continued
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 … Continued
The Chargeback Guarantee model of fraud prevention is preferred by large eCommerce businesses because it leads to consistently wide margins and fraud cost predictability. In our decade of operation, it has been the foundation of thousands of thriving, long-term partnerships. The strength of the model is one reason that each year, 99% of our merchant … Continued