E-Commerce and CNP Transactions: Explosive Growth, Explosive Risk
Report Summary
E-Commerce and CNP Transactions: Explosive Growth, Explosive Risk
Smartphones increasingly concentrate online retail with mass merchants, which are likely to be targets of post-EMV fraud.
Boston, February 19, 2015 – E-commerce has become a core driver of our economy and our personal lives, and global online retail and services will grow to be a US$2 trillion industry by 2016. Now, this massive, essential component of the economy is vulnerable to attack, which the migration of card-present payments to the EMV standard will soon make worse. When no solution can completely protect the online commerce space, what can be done to decrease e-commerce's risks and amp up its rewards?
Based on an extensive analysis of data from sources of consistent, reliable, and credible information about e-commerce, this report describes the consumer e-commerce market and provides an understanding of its size, the key drivers of its growth, and the impact that can be expected on card-not-present fraud.
This 25-page Impact Note contains 12 figures and five tables. Clients of Aite Group’s Retail Banking & Payments service can download this report.