Fear of Fraud

Industry Analysis M arketWatch: Financial Services apprehension of hypocrite and escape of payment tools ar preventing consumers from shopping online business concern of payment fraud is the biggest obstacle to the growth of online commerce, while nark to payment tools remains a big infrastructure restraint for consumers in rising countries, according to Datamonitors latest Online Payments: Cards non Present? stem (February 2012, CM00139-004). Concerns about payment fraud is genius of the factors that has prevented more(prenominal) than half(prenominal) of consumers (55%) who have not shopped online from doing so. This represents the single biggest bulwark 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 consumers who have be en victims of unsound activity. Interestingly, the actual level of compromise incidents remains quite kickoff in some countries but is still significant ample to fuel a high level of concern. Infrastructure issues are a more significant barrier for consumers in appear countries than those in developed countries. Indeed, of the 21 countries included in Datamonitors research, Brazil, China, India, Mexico, Poland, Russia, and in the south Africa tend to have a higher proportion of consumers who are concerned about infrastructure issues, with on average 24.5% of individuals indicating this to be one of the reasons they do not make purchases all over the Internet. This is an important issue and should be seen as an opportunity for monetary serve providers to reassure consumers; where there is demand for consumers to go online it is the aim of providers to faithful the gap in the payment infrastructure. However, this could also be seen as an issue of lack of consume r education in footing of online commerce. ! Some consumers whitethorn view a credit or debit wittiness with...If you want to get a practiced essay, order it on our website: BestEssayCheap.com

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