The implementation of CyberSources fraud management solution will enable DHgate to introduce an upgraded fraud detection system for its online transactions and minimize fraud as the company expands its operations globally.
CyberSource’s Decision Manager allows its partners to pinpoint fraud with less manual intervention. This enables merchants to conduct analyses of their inbound orders, including comparison of those orders to the over 60 billion transactions Visa and CyberSource process annually. Data insights are derived from transactions across multiple payment types and from merchants worldwide, spanning online, call center, mobile and point of (POS) sales channels. The transaction data is supplemented by 260 validation and correlation tests.
The volume of Chinas e-commerce transactions is expected to reach USD 8.15 trillion (RMB 47.8 trillion) by 2020, almost six times higher than in 2012. Seventy percent of these transactions have been projected to come from the B2B sector. This can be partially attributed to the Chinese governments efforts to build e-commerce trade, with one of the key objectives of Chinas 12th Five-Year Plan being to double the countrys e-commerce transactions by 2015.
CyberSource provides payment management services which enable enterprise and mid-size merchants to transact sales domestically and globally via internet, mobile, call center and face-to-face sales channels.
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