Black Friday is Cancelled. Hello, Cyber Month COVID-19 effectively cancelled the annual retail ritual known as Black Friday this year. At the same time, Cyber Monday has morphed into Cyber Month with eCommerce activity already matching 2019 holiday season shopping levels earlier this year. Unfortunately, retailers aren’t the only ones benefiting from a rise in digital shoppers. Fraudsters are also finding new opportunities as the world rapidly shifted to online payments.
The impact of the pandemic on fraudulent activity and consumer retail habits are outlined in the new Feedzai’s Quarterly Financial Crime Report (Q4 2020 edition) based on exclusive data from over 4 billion global transactions across all major industries between March and September 2020.
Notable findings included in the report:
Card not present (CNP) transactions rose 30% in Q4 2020.
Sporting good sales increased 13% in May 2020 compared to December 2019 activity.
Transactions processed from June-Sept. 2020 are 30% greater compared to Sept. 2019.
SME Banking Club is an international networking platform of business bankers aimed to provide relevant information on what banks and financial companies are offering for entrepreneurs, micro-, small and medium enterprises (SMEs).
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.