Article Search

Return results from:

Wholesale
News & Articles

Archives

 

Wholesale News & Articles

INDEPENDENT RETAILER magazine is now the official news outlet for Wholesale Central visitors. Each monthly issue is packed with new product ideas, supplier profiles, retailing news, and business strategies to help you succeed.

See new articles daily online at IndependentRetailer.com.

Printer-Friendly

Fraud Tops Retail Worries

Oct 1, 2007

Managing fraud is U.S. online merchants' biggest concern about accepting global payments, according to a recent study by CyberSource Corp. Forty percent of internet retailers cited this, compared with 17 percent that said their biggest concern was implementing and managing connections with payment processors in foreign countries.

Doug Schwegman, director of customer and market intelligence for CyberSource, said he was surprised that managing fraud scored the highest among respondents. He had expected the top concern would be navigating legal and underwriting requirements of foreign markets. That ranked third, and was cited by 15 percent of respondents.

"Fraud should still be in the top three, but many merchants probably have not researched legal requirements," Schwegman says. "It is a big administrative problem and can slow you down, in terms of getting into a foreign market quickly."

Topic: Business Strategies

Related Articles: fraud  security 

Article ID: 353

Printer Friendly

Entire contents ©2024, Sumner Communications, Inc. (203) 748-2050. All rights reserved. No part of this service may be reproduced in any form without the express written permission of Sumner Communications, Inc. except that an individual may download and/or forward articles via e-mail to a reasonable number of recipients for personal, non-commercial purposes.