Remove retail card-on-file-transactions
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‘Credential stuffing’: retailers, thousands of customers hit by new cyber fraud

Inside Retail

Several major Australian retailers and their customers have been targeted by wide-scale coordinated cyberattacks that stole their online information and made fraudulent transactions. Last week, fashion retailer The Iconic promised to refund customers after fraudulent orders were made on their accounts.

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Shining a Light on a Growing Ecommerce Threat: Chargeback Fraud

Retail TouchPoints

As online commerce continues to surge, chargeback fraud victimizes more and more retailers. And yet many retailers remain unaware of chargeback fraud and its harmful impacts on business revenues. Customers dispute a valid transaction for many different reasons. More transactions mean more fraud.

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Walmart Sues Capital One to End Branded Credit Card Partnership

Retail TouchPoints

Walmart has filed a lawsuit seeking to end its credit card contract with Capital One Financial , alleging that the payment company failed to live up to certain terms of the agreement. 31, 2022, the card program at Walmart consisted of $8.3 The program produced about $214 million in net income that year.

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David’s Bridal Lays Off 9,000 Workers, Files for Chapter 11

Retail TouchPoints

David’s Bridal has laid off approximately 9,000 workers and filed for Chapter 11 bankruptcy protection as it evaluates its strategic alternatives, including a potential sale. The wedding retailer also expects to file bankruptcy proceedings in Canada and in the UK for its subsidiary there. ”

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Identifying the ‘Faces’ Behind Faceless Online Transactions

Retail TouchPoints

retail sales surpassed general merchandise sales for the first time in history. And in sectors with a high cost of acquisition and high margins (such as jewelry and luxury retail), merchants are willing to fully subsidize APRs. In 2019 , the total market share of online U.S. According to McKinsey, merchants face up to 2.4X

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You Just Experienced your First Chargeback. Now What?

Retail TouchPoints

Concurrently, the summer of 2020 brought the highest number of new business applications in the past 15 years, and this trend has continued, with Americans filing a record 1.4 From cases of friendly fraud, where a customer disputes a legitimate transaction as fraud — resulting in a chargeback to a merchant. What is a Chargeback?

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Three Prevalent Threats Against Online Shoppers In 2024

Retail Minded

Data from Forbes Advisor shows that global retail e-commerce sales will hit $6.3 trillion in 2024, making up around a fifth of all retail transactions. The purpose of this is to collect the credit card details of a buyer. Online shopping continues to grow as a significant part of modern commerce.