Follow us on

Compass Plus – Are you positive?

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

According to Ethoca, the value of transactions falsely rejected by US card issuers in 2014 was $118 billion, of this value only $9billion constituted actual fraud. This is a ratio of 13:1. So why do companies continue along the path of declining and losing legitimate transactions due to suspicions of fraud?

False positives aren’t just detrimental to a merchant’s bottom line, yes, the knock-on effect of a falsely declined transaction is the initial loss of sale, however the long-term effects include damages to their reputation, an unsatisfactory user experience and ultimately, loss of customers.

Read more here.

More To Explore