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Fraud Prevention Tips For Your Online Business
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Payment Fraud, or fraud involving payment fraud is often referred to one of the most serious threats faced by todays eCommerce businesses. What does it consist of? To simplify, fraud occurs when payments for goods or services are made by an unauthorized person. The dynamic development of real-time payments means that the world isexperiencing a significant increase in fraudulent online transactions.According to NFC World, accelerating the billing process makes fraud preventionmore and more difficult. Detection of irregularities within a few seconds seemsto be a big challenge for banks and payment providers. The above mentionedservice adds that this increased risk can be clearly seen on the example ofGreat Britain, where payment frauds were doubled in three years from 2015, andincreased by another 270% over the next six years. Fraud and data leakage Payment Fraud, or fraud involving payment fraud is often referred to one of the most serious threats faced by todays eCo...
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