Holiday shopping season is just around the corner. (Yes, really.) There’s plenty to do over the next few weeks to get ready, so we’ve put together a series of tips to help you prepare.
The reality is that, for some of you, it has felt like the holiday season year-round since the onset of the pandemic. Still, peak season transactions can account for 30 percent or more of some retailers’ total yearly volume. Combine increased transaction volumes with targeted promotions, new payment methods, and new transaction channels and you may find it is harder to keep up with emerging fraud trends. A common way to combat increased fraud is to send more transactions to manual review—ultimately increasing overhead costs and potentially delaying customers from receiving their purchases.
Drawing on the experience and insights of Cybersource Managed Risk Analysts worldwide, we’ve put together a series of tips to help you prepare for holiday shopping season and protect your business against fraud and risk while delivering a frictionless experience for genuine customers.