Rysun Labs’ Post

For all my retail focused friends and colleagues, we're excited to share how we helped a premier US-based luxury goods retailer transform their global payment infrastructure. The Challenge Fragmented payment systems across channels, increasing vulnerability and compliance risks. The Solution Implemented a unified, PCI-DSS compliant payment system powered by CyberSource. Key Impacts ✅ Savings of over $1 million ✅ Centralized global payments ✅ Enhanced security with tokenization ✅ Improved scalability for future growth https://lnkd.in/g2W8BcMa

💭 The retail sector is witnessing a surge in the adoption of digital payments to enhance security and reduce risks in contact center transactions. Discover how Eckoh assisted a prominent retailer in this regard. -> https://lnkd.in/eC8ifcta #securedigitalpayments #retailindustry #callcentersecurity #pcidssv4

🌐As e-commerce continues to thrive, so do the risks associated with managing sensitive payment data. Tokenization offers a groundbreaking solution to this challenge. By replacing sensitive cardholder information with unique tokens, issuers can significantly reduce the risk of data breaches and fraud.🔐 At MeaWallet, we understand the critical role tokenization plays in safeguarding both merchants and customers. Our advanced technology provides a secure and efficient way to process payments, enhancing customer trust and driving rapid growth. To learn more about our tokenization solution, check 'The Tokenization Takeover' blog 👉: https://lnkd.in/dJMrufRn Are you ready to redefine the way your customers pay? Let's talk. #tokenization #ecommerce #security #dataprotection #payments #innovation

📈 💡 It’s another #FIBRFriday, where we share insights from #FIBR, our Fraud Industry Benchmarking Resource. We just released our Q4 2023 data in FIBR and today, we’re looking at the retail industry, where we’ve seen payment fraud attack rates rise consistently over the last year, with the attack rate eclipsing 2% in Q4 2023. While there are many reasons for this rise in attacks, it’s likely that one significant contributing factor is retail's continuing shift to e-commerce. FIBR is interactive, so explore the tool yourself to see how your own industry’s fraud rates compare: https://buff.ly/47t8Gp8 #SiftFIBR #fraudprevention #fraudtrends #fraud #retail #ecommerce #paymentfraud

Despite the rise of digital payment methods, checks remain a preferred payment method for many organizations. PYMNTS Intelligence research shows that checks still play a significant role in B2B transactions across various industries: ➡ 21% of real estate transactions ➡ 15.2% of retailer payments ➡ 76% of construction subcontractor payments However, this reliance comes with a significant risk: check fraud. Criminals continuously adapt their tactics, exploiting vulnerabilities in traditional payment systems. Recent data from FinCEN reveals a staggering 201.2% increase in suspicious activity reports related to check fraud at depository institutions between 2018 and 2022. As PYMNTS noted, the manual nature of paper checks introduces a higher risk of errors and fraud, damaging relationships with vendors, suppliers, and employees. At CheckAlt, we are dedicated to eliminating these risks with our industry-leading payment solutions. Learn more: https://lnkd.in/grJJXSbY P.S. Link to full article by PYMNTS in the comments below. #CheckAlt #CheckFraud #DigitalPayments #B2BTransactions #Fintech #Innovation #Security #payments

ATMs: More Than Just Cash -- security, cannabis, & who owns what? Industry experts unpack new regulations for 2024 at the ATM Industry Association (ATMIA) conference. Is your ATM compliant with TR-31 & cashless transactions? #ATM #Finance #Regulations https://lnkd.in/eYyuqWNu

Retailers are grappling with a surge in fraudulent returns, a problem exacerbated by e-commerce growth and lenient return policies. Fraudsters are returning fake or stolen items, including bricks instead of televisions and counterfeit luxury goods, hoping for refunds before detection. Read More: https://lnkd.in/eds5EBqk Learn how nGroup can help: https://lnkd.in/e-M8F2Nw

J.P. Morgan plans major roll out of biometric payments🕵️♀️ Global biometric payments are expected to reach $5.8 trillion and three billion users by 2026, according to Goode Intelligence💸 JPMorgan Chase & Co. is planning a broad roll out of biometric payments with US retailers by early next year, enabling shoppers to make purchases by scanning their palms or faces. Last year, JP Morgan signaled its intention to bring the technology to its huge merchant client base, partnering biometrics specialist PopID to conduct a series of pilots.

🚨 Fight Pushout Theft and Organized Retail Crime (ORC) with i3 International's Trajectory Anomaly! 🚨 Organized Retail Crime (ORC) is a serious issue, costing retailers nearly $49 billion a year according to the National Retail Federation (NRF). Professional shoplifters, working in teams, target stores to steal high-theft merchandise for resale at flea markets, online, and elsewhere. i3 International's Trajectory Anomaly is here to help. Our advanced system tracks the movements of customers and their shopping carts. If someone heads to the door without paying, the Trajectory Anomaly detects this behavior and instantly alerts store management, allowing for quick and effective action. Protect your store, reduce losses, and enhance security with i3's innovative technology. https://lnkd.in/gMZm3Uyj #i3International #RetailSecurity #ORC #OrganizedRetailCrime #LossPrevention #TrajectoryAnomaly #RetailTech #ShopliftingPrevention #Innovation #Technology #RetailProtection

Payment tokenization is an important tactic showing steady uptake amongst global merchants, with nearly two-thirds now using some form of tokenization to strengthen payment security and maximize authorizations. Discover payment insights in the 2024 Global eCommerce Payments & Fraud Report. https://vi.sa/3A1bn5v #GlobalFraud #Cybersource #VisaAcceptanceSolutions #Payments #Tokenization #eCommerce