2016 Holiday Shopping Fraud Report Shows Bitcoin Remains Most Secure
In the end, it goes to show traditional payment methods suffer from a lot of security issues. During the 2016 holiday weekend, global online sales have seen a significant nudge upwards. At the same time, payment card fraud increased by a whopping 20%. Consumer’s financial details are always at risk when dealing with payment cards these days. Bitcoin is a far safer option, as there is no sensitive personal information leaked during the transaction process. The rise in payment fraud during the 2016 holiday shopping season is not surprising. Both Black Friday and Cyber Monday saw an influx of....
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The holiday shopping seasons is almost upon us once again, and everyday consumers are more determined than ever before to secure some special discounts or deals. Buying something for friends, family, or loved ones, has become part of the holiday seasons, but that doesn’t mean deals and discounts become less important; More importantly, can Bitcoin play any major role in the “bargain” holiday shopping this year? As a retailer, offering discounts to consumers has become increasingly difficult over the past few years. Ever since the financial crisis hit in 2008, retailers have faced an uphill....
The European ATM Security Team released a new European Fraud Update for 2016. As part of this report, an interesting picture is painted as to how ATM fraud is evolving in Europe. A total of 23 European countries are represented in this report, and by the look of things, the fraud rates are not going down by much. Bitcoin remains a viable alternative to traditional finance, as digital currency ATMs are not affected by skimming issues for the time being. ATM Fraud Update Reports Shift In Skimming. One particular trend of notice in this new report by EAST is how twenty countries reported....
If that wasn’t enough, more than one in ten consumers admitted they lack the confidence in their financial institution to protect them against fraud. Payment fraud is a matter more consumers should be concerned about. A new report by ACI shows how nearly one in three consumers has dealt with card fraud over the past five years. There are alarming numbers, even though this is another clear example as to why Bitcoin is entirely different in a positive manner. The report published by ACI is not hinting at a positive future for payment card users around the world. Keeping in mind how almost....
Despite obvious signs on the wall of how the financial world is starting to crumble, there are still plenty of financial players reporting a healthy profit year over year. MasterCard is one of those companies seeing a whopping 11.1 percent profit rise, as the purchase volume increased during the final quarter of 2015. This is quite an interesting piece of information, especially when considering how the company is interested in blockchain technology and Bitcoin as well. MasterCard Sees A Big Growth During Holiday Shopping Frenzy. Whenever a credit card issuer reports a quarterly earnings....
Online shopping is becoming a significant trend all over the world, yet a lot of people show concerns of online privacy and security. A recent US government study shows half of Americans are put off by lackluster security and privacy. Online Shopping Not Secure Enough. Consumers all over the world have taken a liking to the concept of online shopping. It....