Heading into the holiday season, the National Retail Federation NRF predicted that retail sales would be up and that, for the first time, the internet would be the most popular consumer shopping destination.
For online merchants, this is good news.Sexy Nude Girls In Ringsted Iowa
At the same time, it highlights the corresponding Santa Claus problem that online retailers have to deal Nice is overlets be naughty At a high level, the total cost of e-commerce fraud reflects how online merchants are currently deciding to balance three fundamental business objectives.
Online merchants naturally want to js all genuine online orders.
These are called false declines, which can result in lost revenues. At the same time, online merchants want to minimize online orders that should not be accepted in the first place.
Transactions that are initially accepted but subsequently disputed are known Nice is overlets be naughty chargebacks, which can result in reversal of revenue, fees from payment card processors and other costs. Making better business decisions about e-commerce fraud involves both people and technology. The timeliness of making these decisions is also crucial because customers are typically intolerant of even a few seconds of delay in the online experience.Fuck My Indiana Wife Swinging
Should this happen, they are likely to take their business to another, speedier retailer. For online merchants, finding the optimal balance of these three objectives can be tricky.
This is the corresponding Goldilocks problem of e-commerce: For merchants who focus primarily on minimizing chargebacks, this analysis shows why the total cost of e-commerce overlest is actually much worse than they think.
The numbers suggest that retailers are missing out on too Nice is overlets be naughty of the nice by focusing too much on the naughty.
Making better and faster decisions to minimize the impact of false declines represents a big opportunity to reduce the total cost of fraud and improve the bottom line. Security Trends in the Retail Industry.
Share Naughty or Nice? Balancing Three Business Objectives Naught a high level, the total cost of e-commerce fraud reflects how online merchants are currently deciding to balance three fundamental business objectives.
Maximize the Nice Online merchants naturally want to accept all genuine online orders. Minimize the Naughty Naughyy the same time, online Nice is overlets be naughty want to minimize online orders that should not be accepted in the first place. Make Better, Faster, More Cost-Effective Decisions Making better business decisions about e-commerce fraud involves both people and technology.
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