As technology advances, unscrupulous individuals are using increasingly inventive means to achieve financial gain.
So, what’s next for online merchants who depend on payment security? Paul Marcantonio, Head of UK/Western Europe at ECOMMPAY, thinks he has the answer.
Fraud, or attempts to defraud, are unavoidable. Where there is profit from successful business operations, there is the risk of fraudulent activity. As technology advances, the rapidly expanding e-Commerce industry becomes more of a target for modern day criminals.
Let’s be clear, online merchants depend on payment security for their livelihoods. Without effective risk management, they face substantial financial losses, not to mention fines and reputational damages.
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