May 20, 2010, 2:34 PM

Online companies emphasize fraud prevention over easy web transactions

When asked which was more important to their online businesses, 81% of companies said stopping online criminals in their first attempt at fraud, and 19% said making a web site fast and easy for consumers to complete a transaction. 

 

When asked which was more important to their online businesses, 81% of companies responding to a recent survey said stopping online criminals in their first attempt at fraud, and 19% said making a web site fast and easy for consumers to complete an online transaction, according a report by payments security technology vendor ThreatMetrix and NACHA, an electronic payments industry association.

The survey of 185 payment executives was conducted at the NACHA Payments 2010 Conference in Seattle last month.

Among other findings, the survey noted that respondents cited payment account log-in as the type of web transaction at their business most in need of protection from fraud, followed by card-not-present payments and the creation of new payment accounts.

 

 

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Kevon Hills / E-Commerce

Back To School offers a testing ground for the holidays

Shoppers heading back to school aren't so unlike shoppers that will be looking for gifts ...

FPO

Jock Purtle / E-Commerce

What is your e-commerce business worth?

The founder of a merger and acquisitions consulting firm examines how e-retailers can know the ...

Advertisement