Fact: If you have no fraud, you’re losing business.
On today’s Payments Innovation podcast, Chris (Currencycloud) talks to Tedd Huff (VP of Product, GlobalOnePay) about who has the most online fraud, what makes fraud “friendly,” and where the future of fraud prevention is headed.
“Online fraud on average ranges anywhere from 0.3% up to 3% of total revenues for businesses in North America,” Tedd said.
It usually isn’t possible to stop a breach once it’s happened. So stopping it ahead of time is the key piece to handling fraud.