credit card fraud
Three Easy Steps to Prevent Credit Card Fraud & Chargebacks
Confirmed | December 8, 2015
Credit card fraud is a serious issue. The United States accounts for 47% of the world's credit card fraud and the hospitality industry accounts for 55% of that. The fact that more than half of the country's fraud comes from one industry is unsettling and means that it's time to take action to prevent it! One of the main reasons the hospitality industry is so heavily affected by fraud is the frequency of card not present transactions. Whether it's a room reserved online or a catering order over the phone, all these transactions put your customer's card information at risk. So we know the problem, how do we start to take steps against it?...
What Are You Doing to Prevent Fraud in the Digital Age?
Confirmed | December 2, 2015
We always hear about it. We sometimes talk about it. But how often are we taking actions against it? Credit card fraud and data breaches have been a growing trend in the past decade and every time a large hospitality corporation is exposed, they get criticized for carelessness. It's time to stop laying blame and time to start discussing solutions. According to Nasdaq, almost half of the world's card fraud occurs in the United States. A 2015 research note from Barclays states that the U.S. is responsible for 47% of the world's card fraud but only accounts for 24% of total worldwide credit card volume. One of the main reasons is card-...
