Kount Blog | mobile commerce
Blog Against Fraud

The Two Biggest Obstacles to mCommerce Adoption Are NOT Fraud or Security

Posted on Monday, September 11, 2017

In light of the mobile fraud statistics below, you might think online businesses would be especially fearful of fraud risk in the rapidly-growing mobile channel.

  • 60% of fraudulent transactions originate from a mobile device, based on research from RSA.
  • The fraud rate for mobile commerce is twice as high as for conventional eCommerce, according to The Fraud Practice.
  • $2.33 in costs for every $1 in fraudulent mobile transactions, per LexisNexis estimates of the “true cost” of mobile fraud.
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Topics: mobile commerce, fraud prevention

Two in Three Merchants Get At Least 10% of Their Revenue from Mobile

Posted on Wednesday, August 30, 2017

Of the 800 online merchants that responded to the Mobile Payments & Fraud: 2017 Report, 64% said that currently they get at least 10% of their revenue from the mobile channel. Two years from now, 80% of those merchants project that mobile will account for at least 10% of their sales. Further, in two years, mobile will make up at least half of all sales for more than 2.5x as many online businesses as it does today (26% of merchants in two years vs. 10% today).

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Topics: mobile commerce, mobile, revenue

6 Market Segments That Can’t Live Without Mobile Commerce

Posted on Tuesday, August 22, 2017

When we asked over 800 merchants in the Mobile Payments & Fraud: 2017 Report about the mobile channel, we got some expected and unexpected answers.

As you might expect, the majority of merchants in the Mobile Payments & Fraud: 2017 Report said that the mobile channel was “Very Important” or “Somewhat Important” to their total revenue. But six merchant segments flat out confessed that they couldn’t live without mobile commerce.

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Topics: mobile commerce, mobile channel

Is mCommerce Fraud Increasing?

Posted on Wednesday, July 5, 2017

Mobile commerce is on a tear. Over the next decade, it’s projected that purchases on mobile devices and apps will overtake those from browsers and personal computers.

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Topics: mcommerce, mobile commerce, mobile payments and fraud report

A Clever Way to Improve Mobile Commerce Conversions for Electronics Retailers

Posted on Tuesday, February 21, 2017

Retail eCommerce spending via smartphones and tablets boomed in Q4 of 2016, up 45% over 2015. In fact, mobile accounted for 21 percent of total digital commerce dollars spent in the quarter, mobile’s highest recorded share of online sales ever.

And guess what? Mobile fraud is keeping pace. In 2015, the number of fraudulent transactions on mobile devices increased by 142% compared to 2014. And there’s no slowdown in sight, with CNP fraud losses projected to soar 80% by 2020.

For online Electronics retailers, this presents a dilemma. Customers and their money are obviously pouring in via the mobile channel, and you want to capture those orders. Yet with mobile fraud also soaring, you also risk higher fraud losses.

This is where the clever part comes in. There are fraud prevention solutions out there that actually help improve mobile conversion rates (while reducing fraud)! How is this possible?

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Topics: mobile commerce, mobile device, electronics retailers

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