Electronic Commerce Protection Act

Online Fraud Attacks Have Become More Sophisticated, More Costly and More Democratic, a New Report on Retail Crime Finds

Retrieved on: 
Tuesday, January 17, 2023
Online Retail, Retail, Security, Other Consumer, Consumer, Technology, Online, Commerce, Electronic Commerce Protection Act, Face, Risk, SMS, Artificial intelligence, Electronics, Automation, Fortune 500, Research report, Acquisition, Multimedia, Online shopping, Pharmaceutical industry, Audit, Fraud

View the full release here: https://www.businesswire.com/news/home/20230117005079/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230117005079/en/
    Fraud Pressure in 2022 (Graphic: Business Wire)
    Signifyd’s “State of Fraud 2023,” tells the story of underworld operations that rely more than ever on bot attacks and automated social engineering.
  • It also explores the unprecedented case of a Southeast Asian fraud factory that operates like a Fortune 500 company.
  • Among the key findings in the in-depth report:
    2022 saw an unprecedented fraud attack unleashed on U.S. retailers by a shadowy Southeast Asian fraud ring.
  • The ring made off with an estimated $600 million in high-end electronics and other goods nationwide in a wide-ranging and persistent November attack against retail enterprises.

Nearly Eight out of 10 Italians Will Cut Back on Christmas Shopping This Year; Customer Experience Is the Key to Customer Retention

Retrieved on: 
Tuesday, December 6, 2022
Data Management, Banking, Online Retail, Technology, Professional Services, Payments, Electronic Commerce, Security, Retail, Internet, Finance, Online, Commerce, United States Senate Commerce Subcommittee on Consumer Protection, Product Safety, and Data Security, OnePoll, Fraud, SCA, Research, Face, Holiday, Electronic Commerce Protection Act, Christmas, Risk, Renewable energy, Retail, Online shopping

The combination of strained household budgets and the annual desire to enjoy the holidays to the fullest are fueling a rise in fraudulent behavior.

Key Points: 
  • The combination of strained household budgets and the annual desire to enjoy the holidays to the fullest are fueling a rise in fraudulent behavior.
  • That said, Italians appear to be more honest than consumers in other European countries at least according to self-reporting.
  • Those who choose online shopping in the UK, France and Italy will also buy from merchants outside their own country.
  • A good return experience was a key feature for 79% of Italians.

Ecommerce Fraud Among UK Consumers Rises as Britons Tighten Belts in Lead-up to Festive Season

Retrieved on: 
Tuesday, November 8, 2022
Online Retail, Retail, Security, Other Consumer, Consumer, Technology, Electronic Commerce, Online, Electronic Commerce Protection Act, Television, World cup, Fraud, Commerce, Electronics, EMEA, CA, OnePoll, Solution, Research, United States Senate Commerce Subcommittee on Consumer Protection, Product Safety, and Data Security, Risk, Online shopping, Retail

UK consumers surveyed for The State of Commerce in Europe 2023 showed little compunction about admitting to cheating on returns and claims of poor service while they shopped online.

Key Points: 
  • UK consumers surveyed for The State of Commerce in Europe 2023 showed little compunction about admitting to cheating on returns and claims of poor service while they shopped online.
  • 26% said they had claimed that an ecommerce order that did arrive did not arrive in order to keep the item for free.
  • The survey also found that 55% of UK consumers are spending less in inflationary times.
  • For the overall festive season (November and December), sales across Europe will fall 4% below last years lacklustre performance.

Signifyd Launches Fearless Payments, a New Optimization Solution to Propel the Digital Transformation of Payment Service Providers

Retrieved on: 
Thursday, October 20, 2022
Software, Online Retail, Professional Services, Business, Fintech, Data Management, Technology, Small Business, Security, Retail, Data Analytics, Finance, CA, Commerce, Risk, Electronic Commerce Protection Act, Machine learning, Intelligence, SCA, Rate, Money, Tanjungpinang, Fraud, PSD2, Solution, Online shopping, Amazon

Fearless Payments arms payment service providers with Signifyd technology that sets them apart from their competitors and unlocks significant additional revenue for their customers by boosting order approval rates by 5% to 9%.

Key Points: 
  • Fearless Payments arms payment service providers with Signifyd technology that sets them apart from their competitors and unlocks significant additional revenue for their customers by boosting order approval rates by 5% to 9%.
  • Signifyds solution provides payment providers the conduit for transaction traffic among credit-card issuing banks, online merchants and their banks the advantage they seek amid fierce competition to attract and retain merchant customers.
  • The new solution repairs the data disconnect that has historically meant good orders are declined for fear of fraud.
  • Fearless Payments Payment Optimization Platform comprises five solutions that together give PSPs the opportunity to provide merchants with unparalleled service and security.

Signifyd to Provide Comprehensive Protection for the Entire Digital Shopping Journey on Google Cloud Marketplace

Retrieved on: 
Tuesday, October 11, 2022
Online Privacy, Apps, Applications, Technology, Security, Software, Internet, Retail, Data Management, Online Retail, Cloud, CA, API, Commerce, Risk, Electronic Commerce Protection Act, Machine learning, Intelligence, Google, Partnership, Technology, Data management, Google Cloud Platform, Google Cloud, ReCAPTCHA, ATO, Fraud, Solution, Online shopping, Network equipment

Signifyd, the leading digital commerce protection provider, today announced a partnership that will better fortify online commerce through Google Cloud Marketplace.

Key Points: 
  • Signifyd, the leading digital commerce protection provider, today announced a partnership that will better fortify online commerce through Google Cloud Marketplace.
  • Signifyd is an ecommerce fraud prevention provider that gives merchants full chargeback protection on Google Cloud Marketplace.
  • Were pleased to have Signifyds Commerce Protection Platform available on Google Cloud Marketplace and, alongside Google Clouds reCAPTCHA Enterprise, to provide customers with easier access to the technologies they need to secure their customers shopping experiences.
  • Further deepening its relationship with Google Cloud, Signifyd also announced it had become an early adopter among fraud prevention providers by adding Google Cloud to its technology stack .

Nominations Open to Select the 30 Most Influential People in Ecommerce 2023

Retrieved on: 
Thursday, September 15, 2022
Apps, Applications, Technology, Payments, Security, Electronic Commerce, Software, Internet, Supply Chain Management, Retail, Online Retail, Risk, Electronic Commerce Protection Act, Creativity, Face, Industry, Commerce, Solution, CA, Leadership, Fraud, United States presidential nominating convention, Online shopping, Entertainment, E-commerce

Signifyd, the leading provider of digital commerce protection, today opened global nominations for the 2023 Most Influential in Ecommerce awards.

Key Points: 
  • Signifyd, the leading provider of digital commerce protection, today opened global nominations for the 2023 Most Influential in Ecommerce awards.
  • The awards will celebrate the 30 most influential leaders in ecommerce who successfully pivoted from innovating during the pandemic to driving their companies forward in the face of considerable economic headwinds.
  • The nominees must be at the manager level or above working in ecommerce at a brand, retailer, ecommerce agency or ecommerce-related technology company anywhere in the world.
  • The nominating process will remain open through Oct. 15, allowing nominators to submit their choices on the 30 Most Influential in Ecommerce nomination page .

Signifyd and VTEX Join Forces to Protect Ecommerce in Latin America

Retrieved on: 
Friday, August 26, 2022
Payments, Online Retail, Retail, Security, Technology, Software, Electronic Commerce, Machine learning, Â, Risk, NYSE, Face, Commerce, CA, Technology, Growth, OMS, Policy, Fear, Paulo, Review, Data science, EMarketer, Fraud, Solution, Electronic Commerce Protection Act, Online shopping, Marketplace, Payments, Online Retail, Retail, Security, Technology, Software, Electronic Commerce

VTEX customers now have access to Signifyds Commerce Protection Platform module through the VTEX App Store.

Key Points: 
  • VTEX customers now have access to Signifyds Commerce Protection Platform module through the VTEX App Store.
  • We are thrilled to be offering VTEX merchants a seamless way to protect their businesses from fraud and consumer abuse, said Christian Len, Signifyd regional director, Latin America.
  • By integrating Signifyd solutions, VTEX clients will be able to automate the review of transactions within their ecommerce platforms.
  • VTEX (NYSE: VTEX) is the enterprise digital commerce platform where global brands and retailers run their world of commerce.

Signifyd’s State of Commerce Report Finds Consumers Cutting Back on Spending While Retailers Regroup to Build on Recent Ecommerce Gains

Retrieved on: 
Wednesday, July 27, 2022
Other Consumer, Technology, Other Retail, Electronic Commerce, Professional Services, Data Analytics, Consumer, Supply Chain Management, Retail, Online Retail, CA, OnePoll, Industry, Quiver, United States Senate Commerce Subcommittee on Consumer Protection, Product Safety, and Data Security, Consumer, Solution, Commerce, Risk, COVID-19, Multimedia, Fraud, Electronic Commerce Protection Act, FIS, Prescription, Face, Rest, Growth, Employment, Online shopping, Retail, Worldpay

The survey results are a part of Signifyds State of Commerce 2022 report , which digs into the challenges and trends defining retail as the industry embraces a new post-COVID normal.

Key Points: 
  • The survey results are a part of Signifyds State of Commerce 2022 report , which digs into the challenges and trends defining retail as the industry embraces a new post-COVID normal.
  • Consumers are being cautious when it comes to spending and choosing whom to shop with.
  • Signifyd provides an end-to-end Commerce Protection Platform that leverages its Commerce Network to maximize conversion, automate customer experience and eliminate fraud and consumer abuse risk for retailers.
  • Its solutions provide the transparency and control that brands need to succeed in the rapidly changing world of commerce.

Survey Finds Shoppers in Italy are frustrated with SCA and Merchants are Missing Out

Retrieved on: 
Thursday, July 21, 2022
Payments, Online Retail, Security, Retail, Technology, Other Retail, Fortune 1000, OnePoll, 3-D Secure, PIN, Frustration, Solution, SCA, Commerce, Electronic Commerce Protection Act, EMEA, Fraud, Friction, Adoption, Technology, Online shopping, Online gambling

The survey uncovered customer confusion and frustration with Strong Customer Authentication (SCA) which came into enforcement in much of Europe in January 2021.

Key Points: 
  • The survey uncovered customer confusion and frustration with Strong Customer Authentication (SCA) which came into enforcement in much of Europe in January 2021.
  • Signifyd commissioned market researcher OnePoll to survey 2,000 consumers each in Italy, France and the UK to gauge consumer reaction to the new authentication requirements.
  • For instance, in Italy nearly a quarter of orders subject to SCA are declined in part due to outdated technology, according to Signifyd transaction data.
  • In the UK, 15% of SCA orders are declined and only 16% of approved orders are processed by the old technology.

Survey Finds Shoppers in France Are Frustrated With SCA and Merchants Are Missing Out

Retrieved on: 
Thursday, July 21, 2022
Banking, Online Retail, Technology, Professional Services, Other Consumer, Payments, Electronic Commerce, Security, Retail, Software, Consumer, Fortune 1000, CA, OnePoll, 3-D Secure, PIN, Frustration, Solution, SCA, Commerce, Electronic Commerce Protection Act, EMEA, Fraud, Friction, Adoption, Technology, Online shopping, Online gambling

The survey uncovered customer confusion and frustration with Strong Customer Authentication (SCA) which came into enforcement in much of Europe in January 2021.

Key Points: 
  • The survey uncovered customer confusion and frustration with Strong Customer Authentication (SCA) which came into enforcement in much of Europe in January 2021.
  • Signifyd commissioned market researcher OnePoll to survey 2,000 consumers each in France, the UK and Italy to gauge consumer reaction to the new authentication requirements.
  • In the UK, 68% of respondents said theyd move on to another retailer if they encountered a bad experience.
  • Signifyd is headquartered in San Jose, CA, with locations in Denver, New York, Mexico City, So Paulo, Belfast and London.