Role of Technology in Fraud Detection within the Indian Banking Sector

Melissa IN Team | FinTech, India | , , , ,

The increasing levels of fraud have put every country on high alert. India, being a developing country, is not far behind, when it comes to being a victim of fraud. Since banks are the forces that drive the financial sector and the money market, they are most prone to frauds, putting them on the radar for forgery and cyber fraud.… Read More

Electronic Identity Verification Reduces Ecommerce Fraud by 90%

Author | eIDV, FinTech, Identity Resolution, United Kingdom | , , , , , , , , , , ,

Ecommerce companies never seem to get ahead of sneaky fraudsters. Z1 Motorsports was no exception. Even after adopting an intensive 7-minute process to verify its customers, the company still suffered annual losses of $250,000, plus labor costs. Z1 realized something needed to be done – the automotive parts retailer called on Melissa for help with digital identity verification.… Read More

Fraud Prevention for Ecommerce Merchants Part 1

Blog Administrator | Ecommerce | , , ,

Ecommerce is booming. And experts say there’s more online
spending to come. In fact, the National Retail Federation announced it expected
sales to jump 3.7% to $630.5 billion in 2015. Higher than the ten year average
of 2.5%.
Retail
sales
in the first half of 2016 performed at a solid pace, growing close to
4 percent on a year-over-year basis and will surely continue.
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