This year, 78% of merchants said they actively supported the mobile channel in the Mobile Payments & Fraud: 2017 Report, an increase of 44% compared to the 54% of merchants that said so five years ago in 2013. And unsurprisingly, big online merchants this year were more likely to say that they actively supported the mobile channel.Read More
Experts predict that mobile commerce will double in the next couple of years, reaching $250 billion by 2020. And as mobile commerce grows, so does fraud in the mobile channel.
In fact, in the Mobile Payments & Fraud: 2017 Report, nearly 40% of merchants reported that mobile channel fraud increased between 2016 and 2017. That’s a 59% increase over the previous year, when only 23% of merchants said mobile fraud increased.Read More
When it comes to mobile commerce, the Big Dogs are different than the rest of the pack in the online world. Based on results in the Mobile Payments & Fraud: 2017 Report, it seems clear that large online businesses:
- Get more of their revenue from mobile commerce
- Have greater concerns about mobile fraud
- Utilize more resources to deal with mobile commerce and fraud