Developed by Kount in conjunction with The Fraud Practice, the State of Payment Processing & Fraud: 2018 Inaugural Survey & Report revealed the results of a survey taken by hundreds (approximately 15%) of processors, acquirers, issuers, gateways, and payment facilitators within the payment processor community. The survey was aimed at understanding their priorities and the value they place on payment processing and fraud analysis within their companies as well as where the processor market is going in the next couple of years.
The study shows that there is an increased awareness among payment processors to prevent fraud and this is reflected in the shift of many payment processors to offer value-added services including eliminating false positives, stable order approval processes, and sales conversion rates. Additionally, the survey showed that payment processors will continue to increase support for business reporting and analytics, fraud technology tools, velocity checks, cross-border payments, authorization declines, fraud scoring, and mobile and alternative payment types.
If you are in the payment processing or fraud prevention industry, you will gain solid insights from reading this report. You will not only learn more about the value-added services that payment processors are adopting, but you will learn some of the strategies that are being developed and used to attract and retain merchant clients. Keeping up with the market is critical to advancement and this report will show you market trends for the types of payments being accepted and the path forward for investments over the next couple of years.