With consumer spending remaining solid, the overall forecast for 2022 holiday season shopping will be better than expected. Still, fears of recession and rising inflation amidst supply chain woes weigh heavy on shoppers’ minds. This year, 60% of consumers will rely on gift cards to fill gaps in product availability and combat high prices. But to grow the bottom … Continued
Gift cards, especially the digital variety, do not have an excellent reputation. While some consumers consider them a rather lazy form of gift-giving, merchants note that at their worst, digital gift cards are a dubious commodity that practically invites fraudulent activity. But this is a different world we live in now, and in this digital-first … Continued
A step-by-step walk through of a real order in our system, tracing how personal information first gets stolen, sold by middlemen and fraudsters, and used in a fraudulent online order.
The online gift card market is thriving. Ecommerce sales of gift cards are increasing by 29% YOY, and by 2018, the US gift card market is expected to be worth $160 billion, driven primarily by surging digital gift card sales. Riskified’s work with Fortune 500 retailers who sell gift cards, as well as leading gift card-only merchants … Continued
Anyone who has ever played or watched a poker game knows that any money one side wins is money that their opponents lose (trust me when I say from experience that when losing money playing poker the same concept applies, only in reverse). This is a classic example of a “zero-sum” game, in which one player’s loss … Continued