The 2010 Chase Paymentech Cyber Holiday Pulse Index indicated the online holiday shopping season brought with it a return to pre-recession growth rates. How can merchants leverage our insight in the coming year?
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New Safetech suite of integrated solutions will ultimately protect merchants and consumers from the increasing risks associated with online fraud and data breaches at the point of sale.
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While families are literally cleaning up crumpled gift wrap and fallen pine needles, many online retailers can look back on this holiday season as one in which they figuratively cleaned up.
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Chase Paymentech Europe announced today that independent research points to a less than smooth online UK Christmas sales. While Christmas 2010 is expected to be a record year, Card Not Present (CNP) downtime could spoil the season for some.
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Pulse Index indicated a dramatic 37 percent increase in transactions and a huge 30 percent increase in sales over 2009 for the five days beginning on Black Friday.
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With 76% of e-commerce sites unable to advise consumers of the reason why their card was declined, consumers are likely to abandon their online purchase, possibly never to return. Chase Paymentech Europe’s Survey results:
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Globally, online shopping cart abandonment rates can be as high as 75%. Imagine the impact on your bottom line if only a small proportion of these customers went on to successfully complete their purchases.
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For more than six years and with 50 million tokens already generated, Chase Paymentech’s tokenization solution has been helping the world’s leading businesses secure their customer data.
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Retail Systems awards Chase Paymentech in the ‘Best Use of Technology’ category for their work with lowcostholidays.com to reduce fraudulent bookings for CNP payments.
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