One of the greatest competitive advantages a company has today is the ability to verify and approve good customer transactions as fast as possible, while at the same time decreasing the business' risk of fraud.
According to Frost and Sullivan, online spending soared from $3.4 Trillion in 2019 to over $4.2 Trillion in 2020, with over two billion people buying products or services online.But so are fraudsters becoming more sophisticated than ever.
Merchants who still use manual fraud prevention techniques to combat increasingly sophisticated threat actors may one day find their losses from false declines outweigh fraud loss savings.
Frost and Sullivan teamed up with Ekata to look at the overall eCommerce market, how it's changed since the pandemic, and examine where it is forecasted to go in the next several years.
Download the whitepaper to learn more.