The retail sector is grappling with the alarming rise of payment fraud, which has inflicted substantial financial damage. A study by Adyen and the Centre for Economic and Business Research reports losses exceeding $429 million in 2023 due to fraudulent activities. Luxury and health and beauty
The current state of the retail industry has been significantly impacted by customer returns, reaching an unprecedented $743 billion per year, according to a report by the National Retail Federation and Appriss Retail. This figure represents a staggering 14.5% of total sales, deeply affecting
