DGAP-News: MRC Merchants Averaged Less Revenue Loss Due to Fraud Than Non-Members

| Source: EQS Group AG
DGAP-News: Merchant Risk Council /
MRC Merchants Averaged Less Revenue Loss Due to Fraud Than Non-Members

19.03.2014 / 19:00


Preliminary Results Reveal Average Loss Rates Over Five Year Period

SEATTLE, 2014-03-19 19:00 CET (GLOBE NEWSWIRE) --
The MRC today announced the preliminary results of their 2014 Global Fraud
Survey. As a whole, MRC members experienced on average 44 percent less revenue
loss due to fraud in the last five years, compared to non-members. 

'Our merchants are at the forefront of ecommerce payments and fraud, with the
consumer experience top of mind,' said Joe O'Konek, chief executive officer of
the MRC. 'We are glad to learn, once again, that MRC members experience less
revenue loss due to fraud than non-members. As we continue to strive to make
ecommerce safe and profitable everywhere, our number one goal is to provide
quality products and services to the merchant community.' 

Initial results were presented this morning at MRC's 2014 eCommerce Payments
and Risk Conference, with final results scheduled to be released at MRC's
European Congress, 14-16 May in Paris, France. 

The Global Fraud Survey was conducted in partnership with CyberSource, one of
the association's leading providers of ecommerce payments and risk solutions. 

ABOUT THE MRC: The MRC is the foremost global not for profit organization that
fully supports and promotes operational excellence for fraud, payments and risk
professionals within ecommerce. Membership includes nearly 400 of the world's
most prominent merchants more than 60 category leading solution providers.
Headquartered in Seattle, Washington, the MRC's European office is located in
Madrid, Spain. Learn more at www.merchantriskcouncil.org. 

         MEDIA CONTACT: Bill Myers
         TELEPHONE: +1 206.364.2789 ext. 155
         EMAIL: bill@merchantriskcouncil.org
News Source: NASDAQ OMX

End of Corporate News


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Language:    English                
Company:     Merchant Risk Council  
             United States          
End of News    DGAP News-Service  
258515 19.03.2014