Survey Reveals U.S. Retailers Are Missing Out on Global eCommerce Opportunities
Summary
BOSTON & BOISE, Idaho--(BUSINESS WIRE)--Kount, the leading AI-driven fraud prevention provider, and BlueSnap, an All-in-One Payment Platform, have released a new Internet Retailer survey and report finding global eCommerce will top $3 trillion this year for the first time. One of the major findings is that despite more consumers shopping internationally, retailers say fraud prevention and currency and payment processing are obstacles to taking advantage of the growing market. An identical 60% pointed to “fraud prevention.” A partnership between BlueSnap and Kount enables retailers engaged in international eCommerce to address their two primary concerns—fraud prevention and payments processing—with a single vendor relationship. Kount’s patented technology combines supervised and unsupervised machine learning, a flexible policy engine, self-service analytics, and a web-based case-management and investigation system. Our Platform supports online and mobile sales, marketplaces, subscriptions, invoice payments and manual orders through a virtual terminal.