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

Todd Ruback / E-Commerce

A primer on cyber security for online retailers

The U.S. Department of Justice last month released a report on data breaches. The chief ...

FPO

Don Davis / E-Commerce

Alibaba and Amazon: then and now

The two e-commerce giants increasingly cross paths as they expand. Will they become arch-rivals, or ...

Advertisement