FRAUD PREVENTION

Protect your shoppers and block fraudsters simultaneously.

WHY IS FRAUD PROTECTION SO ESSENTIAL?

Combatting the ever-growing numbers of card and data breaches around the globe should be a top priority for every business accepting CNP (card not present) payments. Any ecommerce or MOTO merchant needs to choose a payments provider with excellent fraud prevention solutions to ensure that their customers’ data and assets are protected.

Losses in the billions

In Europe, losses due to fraud reached approximately 1.8 billion EUR in year 2016. The UK experienced the highest losses for a single country, where in 2015 the total loss was 646 million EUR and in 2016 this increased to 703 million. The UK and France alone contribute almost 75% of all card fraud in Europe.

Rising fraud trends

Based on data from Euromonitor International and the UK Cards Association, the card fraud losses across 19 European countries show that CNP (card not present) fraud increased from 50% of all fraud losses in 2008, to 70% in 2016.

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