Tag Archives: Fraud

Retailers act to stop online fraud

Retailers are working together to overcome online fraud in a new coalition known as ‘Trade’.

The fraud and loss prevention tactic hopes to detect fraudulent activity as it happens and speed up subsequent actions by sharing transactional data. QVC and Shop Direct as well as other big retailers are part of the scheme managed by Transactis, consumer insight and anti-fraud specialist.

Notes John Pears, director of credit risk and operations at Shop Direct: “TRADE has been put together with input

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‘Backoff’ our POS systems

Cash registers have been sited as a means to steal financial data in the US. The Homeland Security Department claims that over 1,000 retailers may have been hacked and infected with a software that sits within their cash register computers.

The software is known as ‘Backoff’ and can be removed from the infected computer, so long as it is found. Up until now the software hasn’t been flagged by anti virus programs. The US government are urging retailers and businesses in general to look out

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Boots rolls out contactless payment in store

Boots customers can now pay with contactless cards across all UK stores. The health and beauty retailer announced the news following the successful completion of a roll out of contactless terminals with partners Visa Europe and WorldPay.

Nigel Shortt, Head of Delivery – retail, Boots UK, said: “At Boots UK, we are continually looking for new ways to offer our customers great shopping experiences. Contactless payment saves time for both our customers and staff during peak trading periods

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Behavioural analytics technology tells if it fraud or not

As the advances of technology within the retail space make purchasing ever easier for the consumer, they too open the door to potential fraudulent activity. With this in mind, retailers, banks and creditors will be pleased to know that there is a solution to this fear by way of machine learning analytics that can both protect and understand the shopping nature of every consumer.

Callcredit, the second largest credit reference bureau in the UK and an expert

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