Online Payment

Maximising Online Revenue by Reducing Fraud

With the changes in the digital world that are taking place every day, inevitably comes the increased risk of online fraud from occurring. Can this be prevented, and how?

It is becoming apparent that fraud losses within the financial services industry are increasing year on year, with unauthorised financial fraud increased by 16% from 2017 to 2018, totalling losses of a staggering £844.8 million.

Providing Identity Verification solutions for Visa

How Online Payments are Processed

With the decline of your typical high-street stores having a physical presence comes the increase of businesses with an online presence, ultimately resulting in more and more payments being processed online.

These digital payments are not just for e-commerce businesses, but also businesses in other industries such as Money Transfers or Foreign Exchanges and Gambling.

Alongside the rise of card and online payments inevitably comes the greater risk of payment fraud – whether this be through stolen credit cards or impersonation fraud.

Hello Soda - KYC & AML Checks

What’s the future for identity verification?

As we know, FinTech developments are causing continuous waves of change within the payments industry. With an influx of new alternative companies entering the payments sphere traditional brick-and-mortar banks are concerned. FinTech alternatives can provide a seamless user journey with greater customer service and easy use. However, lack of security continues to hampered growth in the market.