Thursday, April 18, 2024

Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.

Online Order Fraud
The percent of accepted online orders, which, are later determined to be fraudulent increased slightly. In 2007 the survey shows the overall average fraudulent order rate was 1.3% vs. 1.1% in 2006. The share of incoming orders merchants decline to accept due to suspicion of payment fraud was also up slightly. In 2007 the overall order rejection rate due to suspicion of fraud was 4.2% compared to 4.1% in 2006. Some merchants of similar online revenue size selling similar goods online have order rejection rates significantly below 4% while still maintaining low fraud rates. Therefore, we believe that merchants with order rejection rates near or above the 4.2% rate are rejecting a significant number of valid orders.
        Categories:  Credit Card Fraud,Online Order Fraud,Fraud
        Reporting Pub:  CyberSource.com
        Reporting Date:  1/1/2008
        Article Title:  Online Fraud Report--2008 Edition
        Article Author:  CyberSource.com
        Pub's Source:  CyberSource.com
        Source URL:  View details from source
 

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