Riskified Report Unwraps New Intelligence on Holiday eCommerce
Summary
The biggest online shopping period of the year runs from this Friday, November 29 through Monday, December 2, and a new report from Riskified, the payments and fraud-prevention solutions provider, helps merchants get ready to handle sales volumes five or six times higher than average. The report reveals that the full holiday shopping season is substantially safer for eCommerce merchants, as the increase in sales volume from legitimate shoppers far outpaces growth in fraud attempts. Merchants should be ready, with the know-how and systems in place to safely accept as many legitimate transactions as possible.” International orders double during the holiday shopping season and are particularly prevalent on Cyber Weekend. Gift givers around the world are out in force during Cyber Weekend, but this is also a time when many shoppers take advantage of deep discounts to make their move on items they’ve been eyeing all year. The world’s largest brands – from airlines to luxury fashion houses to gift card marketplaces – trust us to increase revenue, manage risk and enhance their customer experience.
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