eCommerce merchants turned down more than $2 billion in net revenue last year.
False positives can be detrimental to eCommerce sales. Reports show that false declines are often a larger direct cost for merchants than fraud itself. The biggest challenge is when they go unnoticed as merchants often perceive them as successfully thwarted fraud attempts. Making sure you have the right fraud controls in place to accept the good orders and stop the fraudulent ones is most important.
Read this eBook to learn about:
- What are false positives and their complexity for merchants
- The long term financial impact of false positives
- Strategies to quantify the level of fraud risk in a transaction
- How to minimize your decline rate and approve more good orders