3 Things Retailers Can Do Now to Protect Against Payment Fraud

In today’s evolving digital payment landscape, retailers should assume being attacked by fraud is not an if but a when. According to Merchant Savvy, retail payment fraud is expected to reach $40.62 billion by 2027—a 25% increase from 2020. Fraudsters—and their technology—are becoming more sophisticated. As digital payment options continue to grow, it’s imperative for retailers to understand the fraud landscape and develop strategies to protect their businesses and their customers.