Businesses will risk recovery unless $20 billion online payments hole is plugged
Jul09

Businesses will risk recovery unless $20 billion online payments hole is plugged

The economic recovery could be reduced or delayed unless businesses plug an annual $20bn hole in online transactions, according to a new study by fintech unicorn, Checkout.com. Loss of sales caused by false declines, where legitimate transactions are flagged as fraudulent, cost online retailers at least $20bn in 2019 in the world’s biggest e-commerce markets. At a time of unprecedented trading conditions, merchants are handing nearly...

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