TRY FOR FREE

New ACI Worldwide Benchmark Data of Top Global Merchants Shows eCommerce Transactions Increased by 21% During Holiday Shopping Season

2015 holiday fraud attempt rates spiked on Thanksgiving and Christmas Eve

January 19, 2016 NAPLES, Fla.- [Press Release] - The 2015 holiday shopping season saw fraud attempts rise, with rates soaring on key dates, according to new benchmark data from ACI Worldwide (NASDAQ: ACIW). The data*, based on hundreds of millions of transactions from global retailers during the 2014 and 2015 holiday shopping season (starting on BlackFriday and ending on December 31), details what led to a huge increase in omni-channel shopping transaction volume growth and a corresponding sizable increase in fraud attempts.

Principle findings include:

- From Thanksgiving to December 31, 2015 vs. the same dates in 2014, the number of eCommerce transactions grew by 21 percent, while fraud attempts grew by 8 percent

- Fraud attempt rates were highest on Christmas Eve (2.4 percent), Thanksgiving (2 percent), Black Friday (1.8 percent) and holiday shipment cut-off days ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.

RECOMMENDED