New benchmark data from ACI Worldwide, a leading global provider of real-time digital payment software and solutions, reveals that global eCommerce transactions continue to grow at a rapid pace. According to ACI’s eCommerce Fraud Index global eCommerce sales increased 15 percent during the first half of 2021, compared to the same period in 2020.
The increase was driven partly by a 122 percent rise in travel and ticketing sales, which showed strong signs of recovery in the second quarter of this year compared to Q2 2020. The digital entertainment and home improvement sectors also recorded strong sales as shoppers continue to invest in DIY projects and gamers find new ways to interact within their gaming communities.
“As travel restrictions begin to ease, more merchants are offering greater booking flexibility, allowing consumers to change dates and times as needed and giving them confidence in spending on travel,” said Debbie Guerra, executive vice president, ACI Worldwide. “As more people look to get away, we expect the travel and ticketing sector to continue this long-awaited boost in sales.”
ACI’s eCommerce Fraud Index also highlights that fraudsters have been adapting quickly to new customer buying and payment journeys as a result of the pandemic and are actively targeting new channels. According to the research, mobile fraud increased by 1.22 percent in the first half of 2020 and 1.32 percent in the first half of 2021.
The increasingly popular BOPIS channel (Buy online & pick up in store) saw a 6.17 percent increase in fraud attempts in Q1 2021, with the average value rising by $4 versus Q1 2020. The gaming and telco sectors experienced the highest fraud attempt rates in the first half of 2021 while fraud attempt rates in other sectors have been declining this year.
„The rise of eCommerce has also created a radically new fraud environment in which old ways of detecting and preventing fraud will no longer work. Merchants embracing payments innovation, to keep pace with digital demands, must also deal with the challenges of an evolving fraud landscape, or risk losing customers and ultimately revenues,” Guerra continued.
The data also reveals that the average transaction value of fraudulent purchases dropped from $179 in Q1 2020 to $114 in Q1 2021; however, it rose back up to $139 in Q2 2021.
“Fraudsters have shifted from high-value travel purchases to low-value gaming purchases. Such low-value purchases are used by fraudsters to test whether a merchant will accept their fraudulent payment before moving to bigger ticket items. Moreover, we saw clear evidence of BOT attacks migrating to mobile toward the end of 2020 and into 2021. Merchants must pay close attention to very low-value purchases to keep fraudsters at bay,” Guerra concluded.
„Dupa ce oamenii creeaza un cont PayByFace si au adaugat cardul, selfi-ul si PIN-ul, si au avut un pic de curaj sa se duca sa incerce, daca au incercat o data plata prin recunoastere faciala nu mai folosesc altceva (n.r. ca modalitate de plata). 80% dintre ei numai asta folosesc. Le place la nebunie.”
Afla aici rezultatele in adoptia platii prin recunoastere faciala.