For online retailers, it may have felt like every day in 2020 was Black Friday. Consumers massively turned to only shopping behavior, resulting in booming digital payment transactions. Together with these increased volumes, come new fraud patterns who will prompt merchants to realise that they’ve outgrown their current fraud and payment tools. PSD2 and more 3DS aim to reduce fraud on EU cards, but fraudsters will continue to adapt as well as fraud detection technologies.
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