According to Insider Intelligence, global Buy Now, Pay Later spend is set to hit $680 billion in volume by 2025. As BNPL installment usage explodes, fraudsters are capitalizing on these trends.
Two of the most prevalent forms of fraud perpetrated in BNPL and installment use cases are Synthetic Identity fraud and Account Takeover (ATO) fraud.
Synthetic identity fraud is a $6 billion dollar problem, and according to the FBI, is one of the fastest growing types of financial crimes.
ATO fraud growth has been fueled by the surge in data breaches in recent years, increasing 850% between Q2 2020 and Q2 2021.
Outseer's BNPL Installments solutions are designed to address these and other fraud scenarios to provide continuous authentication throughout the digital payments journey. This includes end to end protection for cardholders as they Enroll, Shop & Pay, and Manage their BNPL Installment transactions.
Securely Enroll Your Cardholders in your BNPL Installments Program
Use Outseer Emerging Payments™ to protect against synthetic identity fraud and account enrollment fraud.
Seamlessly Validate Payments When Your Cardholders Shop & Pay
Use Outseer Emerging Payments™ solutions to protect against CNP fraud, including fraudulent card use.
Holistically Protect Cardholders as they Manage their BNPL Installment Plans
Use Outseer Emerging Payments™ solutions to protect against account takeover (ATO) fraud and fraudulent card use.
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