According to the annual Fraud Survey released by MRC and CyberSource, a global payment service provider, MRCs merchant members have also registered 18 percent less fraudulent orders and 50 percent less fraud-related chargebacks that non-members. The same source points out that these merchants have performed 50 percent less manual reviews.
The study is based on a sample of current online sellers, with operations primarily based in the US or Canada.
The Merchant Risk Council (MRC) is a merchant-led non-profit trade association focused on electronic commerce risk and payments globally. 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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