Risk And Resilience: A Business Fraud And ID Theft Report
71% Of Businesses To Add Transaction Alerts, ID Verification to Anti-Fraud Strategies
New PYMNTS data show nearly three-fourths of retailers, manufacturers and marketplaces are actively searching for better ways to cut their fraud-related losses. For the Risk And Resilience report, a TreviPay collaboration, PYMNTS surveyed 150 businesses across three sectors to learn how they’re planning to boost their fraud-fighting approaches and reduce false positives via automated alerts and enhanced ID verification services.
Inside the February Report
- 49%: Share of merchants that say verifying new customers’ identities is an important challenge
- 54%: Portion of retailers that have failed to accept new business because of fraud concerns
- 19%: Segment of merchants that rely on several verification methods to vet new partners
