Alarming Fraud Trends To Watch For! - Quatrro Processing
Rising Tide of Retail Ecommerce Fraud
Fraud Trends to Watch For! Alarming Fraud Trends To Watch For! By 2020, card fraud worldwide is expected to reach to a total of $31.67 Billion By 2020, card fraud worldwide is expected reach to a total CNP fraudtorepresented 70%ofof$31.67 the Billion total losses globally in the recent year Source: Cognizant Report In the U.S. alone, CNP fraud losses to CNP fraud represented exceed $7 Billion by 202070% of the total losses globally in the recent year Source: PaymentEye Report Cost of fraud losses was $2.47 for each $ of CNP fraud in 2016 In the U.S. alone, CNP fraud losses to exceed $7 Billionfraud by 2020 Global average chargeback Source: Aite Group Report rate is at 0.60% 0.60% Cost was $2.47 for in each Cost of of fraud fraud losses has grown 4X more $ of CNP fraud in 2016 mobile channels Source: Payments.com Report Global average fraud chargeback rate is at 0.60% Source: Nilson Report, Iovation, LexisNexis, Source: Kount Report Ingenico Cost of fraud has grown 4X more in mobile channels Source: CyberSource Report
The meteoric rise in the retail industry is evolving from brick-and-mortar stores to online channels. While soaring online sales are making revenues for retailers, fraud threats and security risks are consuming operational budgets. Recent study by eMarketer market research, estimates retail sales figures to touch an all time high of $27 Trillion by 2020, which is directly proportional to the expected CNP fraud losses. In 2016, US CNP fraud losses increased by 25% to reach $4 Billion and the problem is aggressively exacerbating. United States credit card fraud is now trending at 10 basis points, which shows a jump of 100% increase from 2010. This increase is majorly due to mounting card-not-present (CNP) fraud.
E2E CNP Fraud & Chargeback Management Quatrro’s solutions consist of cutting edge technology supported by a complete back office services function ensuring reduction in false
positives. BIG Data and social media analytics help in evaluating rules/algorithms, assessing fraud patterns and trends reducing chargeback and friendly fraud. An E2E (end-to-end) fraud protection
solution has been tailor-made to enhance order acceptance rates combating chargeback before service deliveries & order shipments.
CNP Secure - An Ultimate Solution For Merchant Services Quatrro’s proprietary robust fraud detection solution - CNP Secure provides a complete chargeback and fraud protection solution. CNP Secure is integrated with an aggregator model, a highly dynamic scoring, and improved fraud alerts & data identity protection solution with multiple transactional variables verification encrusted with 24*7*365 days of transaction monitoring. Advanced machine learning aced with human intervention enhance the capability of fraud detection, reduced chargeback and increased profits. Analysts derive the fraud score by analyzing a powerful database by highlighting customer's behaviour on specific merchants and then negating the chargeback propensity termed as the Chargeback Propensity Rate (CPR).
Key Features Technological Expertise
Open APIs
Round The Clock Coverage
Highly Skilled Support
Partnership Approach
Scalability & Flexibility
BIG Data & Fraud Analytical Expertise
Tailored Pricing
Quatrro’s Proactive Chargeback Management Approach
Benefits Safeguard Your Brand
Delight Your Customers & Offer Peace Of Mind
Eliminate Chargeback Remediation Headaches
Achieve Substantial Savings
100% Anomaly Detection Model Human Intelligence
Fraud Trends to Watch For! Alarming Fraud Trends To Watch For! By 2020, card fraud worldwide is expected to reach to a total of $31.67 Billion By 2020, card fraud worldwide is expected reach to a total CNP fraudtorepresented 70%ofof$31.67 the Billion total losses globally in the recent year Source: Cognizant Report In the U.S. alone, CNP fraud losses to CNP fraud represented exceed $7 Billion by 202070% of the total losses globally in the recent year Source: PaymentEye Report Cost of fraud losses was $2.47 for each $ of CNP fraud in 2016 In the U.S. alone, CNP fraud losses to exceed $7 Billionfraud by 2020 Global average chargeback Source: Aite Group Report rate is at 0.60% 0.60% Cost was $2.47 for in each Cost of of fraud fraud losses has grown 4X more $ of CNP fraud in 2016 mobile channels Source: Payments.com Report Global average fraud chargeback rate is at 0.60% Source: Nilson Report, Iovation, LexisNexis, Source: Kount Report Ingenico Cost of fraud has grown 4X more in mobile channels Source: CyberSource Report
The meteoric rise in the retail industry is evolving from brick-and-mortar stores to online channels. While soaring online sales are making revenues for retailers, fraud threats and security risks are consuming operational budgets. Recent study by eMarketer market research, estimates retail sales figures to touch an all time high of $27 Trillion by 2020, which is directly proportional to the expected CNP fraud losses. In 2016, US CNP fraud losses increased by 25% to reach $4 Billion and the problem is aggressively exacerbating. United States credit card fraud is now trending at 10 basis points, which shows a jump of 100% increase from 2010. This increase is majorly due to mounting card-not-present (CNP) fraud.
E2E CNP Fraud & Chargeback Management Quatrro’s solutions consist of cutting edge technology supported by a complete back office services function ensuring reduction in false
positives. BIG Data and social media analytics help in evaluating rules/algorithms, assessing fraud patterns and trends reducing chargeback and friendly fraud. An E2E (end-to-end) fraud protection
solution has been tailor-made to enhance order acceptance rates combating chargeback before service deliveries & order shipments.
CNP Secure - An Ultimate Solution For Merchant Services Quatrro’s proprietary robust fraud detection solution - CNP Secure provides a complete chargeback and fraud protection solution. CNP Secure is integrated with an aggregator model, a highly dynamic scoring, and improved fraud alerts & data identity protection solution with multiple transactional variables verification encrusted with 24*7*365 days of transaction monitoring. Advanced machine learning aced with human intervention enhance the capability of fraud detection, reduced chargeback and increased profits. Analysts derive the fraud score by analyzing a powerful database by highlighting customer's behaviour on specific merchants and then negating the chargeback propensity termed as the Chargeback Propensity Rate (CPR).
Key Features Technological Expertise
Open APIs
Round The Clock Coverage
Highly Skilled Support
Partnership Approach
Scalability & Flexibility
BIG Data & Fraud Analytical Expertise
Tailored Pricing
Quatrro’s Proactive Chargeback Management Approach
Benefits Safeguard Your Brand
Delight Your Customers & Offer Peace Of Mind
Eliminate Chargeback Remediation Headaches
Achieve Substantial Savings
100% Anomaly Detection Model Human Intelligence
