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Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain

Americas

United States
Puerto Rico

Europe

Denmark
Germany
Ireland
Norway
Poland
Sweden
United Kingdom
Spain
Card fraud on the rise in Europe

Card fraud on the rise in Europe

In 2019, the total value of card-not-present fraud in Europe increased by 4.3% compared with the previous year, reaching a whopping value of €1.5 billion. Card-present fraud amounted to more than €370 million in 2019, with the value of point-of-sale fraud increasing by 2.2% compared with the previous year.* The UK accounted for almost half of European card fraud in 2019, at 45.4% (Є706.9 million).**

The growth of online payments, in particular, is fuelling the increase. In fact, fraud rates have risen by 55% since the beginning of the COVID-19 pandemic in early 2020.*** So, how can you protect your customers’ data and your business’ reputation, while still maximising your sales?

*European Central Bank: Seventh report for card fraud
**BuyShares: Europe’s card fraud value hits 1.55 billion euros, the UK accounts for 45%
***Pymnts: Swap.com uses data analytics to fight post-holiday fraud surge

Protect your customers’ data. Secure your business

Secured by Elavon

Secured by Elavon

Protect your online and in-person sales and take the pain out of Payment Card Industry Data Security Standards (PCI DSS) compliance. Choose from four Secured by Elavon products, depending on your business’ risk profile.

3-D Secure 2

3-D Secure 2

3-DS 2 provides an additional security layer for fast online transactions – with minimum friction. We’ll help you reduce fraud and stay ahead of compliance regulations.                                                                                                              

Consultancy

Consultancy

Stumped by security? Confused by compliance? Our dedicated data-security experts can answer your questions and help you overcome compliance challenges.                                                                                                                 

Need next-level security for your online sales?

If you process lots of online sales up to €500 each (or equivalent in other currencies), our Transaction Risk Analysis is for you.

Transaction Risk Analysis

Transaction Risk Analysis

TRA hits the sweet spot between reducing your risk of fraud and increasing online sales. TRA analyses low-risk online transactions up to €500* in an instant for any suspicious features. If TRA confirms sales as low risk, cardholders can skip some security checks – making it faster and easier for them to complete their purchase.

*For other currencies, value is up-to-date converted amount equivalent to €500 at time of transaction.

Related resources

Avoid damaging your own cybersecurity

Avoid damaging your own cybersecurity

Poor passwords and bad patching expose your business and your customers in ways you can’t imagine, but could so easily avoid!

Test your security as a hacker would

Test your security as a hacker would

Red Team testing with Elavon assesses the robustness of your data security, because our ‘hackers’ are working for you.

Transaction risk analysis

Transaction Risk Analysis

Maximise online sales and security, while minimising fraud and friction for eligible transactions. Read our whitepaper here.

Is there anything else you'd like to know?

Click below to contact an Elavon payments expert.

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