Payments

Online Banking Payments as a Tool to Increase Approval Rates and Reduce Fraud

Craig McDonald -- Trustly; Ted Iacobuzio -- Mercator Advisory Group

Presentation

COVID-19 has resulted in significant shifts in consumer behavior in 2020 as lockdown orders, remote work, virtual education, and social distancing measures are widespread. The changes in behavior have only intensified the pace at which commerce and banking are conducted online.

In this presentation, Mercator Advisory Group highlights the ramifications of card-not-present fraud for online merchants and why consumers are increasingly choosing to pay with debit cards instead of credit cards. Trustly then examines the effect fraud has on web retailers and why chargebacks and false declines are costly problems companies cannot ignore. The deck closes with benefits ACH payments can provide eCommerce businesses, including the value proposition as well as a streamlined user experience.

Note that this presentation is also available as a webinar. To view the webinar, click here.

Online Banking Payments as a Tool to Increase Approval Rates and Reduce Fraud

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