Take a bite out of fraud
Download the report to learn why effective fraud prevention is critical for success, now more than ever, and how Forter can help you take a bite out of fraud.
The pandemic has driven a surge in e-commerce sales in the Food and Beverage Industry. The food delivery and beverage sector saw a 93% increase in transaction volume. New trends including curbside pickup, delivery, and in-store pickup have had increasingly popular adoption among consumers, and Frost & Sullivan’s research shows these trends are likely to persist. Unfortunately, this industry is also uniquely vulnerable to fraud for several reasons:
- Short fulfillment cycles: more opportunity for fraud
- Chargebacks are costly: low margins make the impact of fraud more costly
- Promotion abuse: good customers can take advantage of loyalty programs
- Atypical peak demand makes it difficult to manage fraud