Fear of Fraud

Industry Analysis M arketWatch: Financial Services c atomic number 18fulness of hypocrite and escape of payment tools atomic number 18 preventing consumers from shopping online tutelage of payment fraud is the biggest obstacle to the growth of online commerce, while gateway to payment tools remains a big infrastructure obstruction for consumers in rising countries, according to Datamonitors latest Online Payments: Cards not Present? stem (February 2012, CM00139-004). Concerns about payment fraud is genius of the factors that has prevented more than than half(prenominal) of consumers (55%) who have not shopped online from doing so. This represents the single biggest rampart to online commerce, more so than the direct of concern toward mail security, which is an additional barrier to the purchase of online products. Fear of fraud has always been a major(ip) issue when it comes to the online channel, and is furnish by both the media and reports from consu mers who have been victims of double-dealing activity. Interestingly, the actual level of compromise incidents remains quite get-go in some countries but is still significant abundant to fuel a high level of concern. Infrastructure issues are a more significant barrier for consumers in emerge countries than those in developed countries.

Indeed, of the 21 countries included in Datamonitors research, Brazil, China, India, Mexico, Poland, Russia, and randomness Africa tend to have a higher proportion of consumers who are concerned about infrastructure issues, with on average 24.5% of individuals indicating th is to be one of the reasons they do not make! purchases all oer the Internet. This is an important issue and should be seen as an opportunity for pecuniary serve providers to reassure consumers; where there is demand for consumers to go online it is the manipulation of providers to faithful the gap in the payment infrastructure. However, this could also be seen as an issue of lack of consumer education in harm of online commerce. Some consumers whitethorn view a credit or debit wittiness with...If you want to get a dependable essay, order it on our website: BestEssayCheap.com

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