Kiddicare has seen a 50% reduction in orders rejected due to suspicion of fraud since the introduction of a new system. Twelve months ago Kiddicare engaged 192business, who specialise in verifying the validity of name, address, age and other information provided on an ecommerce order, and CyberSource, who’s decision manager fraud management tool automatically employs up to 200 global validation tests such as order repetition, geolocation and device intelligence, to help establish a transaction’s trustworthiness.
Previously, Kiddicare manually checked a large proportion of the ecommerce orders it received. Though the strategy successfully limited fraud, it was clear that Kiddicare was also rejecting legitimate orders, not to mention incurring high costs for manual review.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.