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The last thing anyone wants is to become a victim of fraud. Losing hard-earned money to a nefarious or ill-equipped website is still a fear for many Americans. In fact, in a survey on fraud in online shopping conducted by Paysafe, a leading global payments provider, researchers found that 59 percent of Americans believe fraud to be an inevitable part of online shopping.
Certainly then, ensuring customers feel secure when making any payments using credit cards is crucial to company success. Another survey on security measures conducted by Lost in Translation indicated that 71 percent of consumers are “open to the introduction of more secure payment processes such as two-factor authentication.”