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Fraud and Security in the Global Online Payments Industry: Card-not-present (CNP) Fraud Loss in the U.S. is Expected to Increase in 2024

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DUBLIN, Feb. 15, 2024 /PRNewswire/ — The “Fraud and Security in Global Online Payments 2024″ report has been added to ResearchAndMarkets.com’s offering.

Global B2C E-Commerce fraud losses to grow by +40% CAGR from 2023 to 2028

As B2C E-Commerce expands, both businesses and consumers globally face increased vulnerability to fraud. Projections indicate that global B2C E-Commerce losses from online payment fraud are set to rise significantly, potentially reaching billions, with a projected +40% CAGR between 2023 and 2028.

By 2025, Asia-Pacific is expected to lead in online payment fraud losses, followed by North America and Europe. Currently, North America holds the highest share of total fraudulent B2C E-Commerce transaction value, with Europe ranking second. In response to this growing threat of financial crime, global expenditure on financial crime prevention is anticipated to increase by 2027. Moreover, a substantial number of global respondents agree that “biometric authentication makes online payment safer,” as observed in April 2023.

Card-not-present (CNP) fraud loss in the U.S. is expected to increase in 2024

In the UK, data highlighted in the report indicate a decline in unauthorized payment card fraud and card-not-present (CNP) payment fraud from the first half of 2022 to the first half of 2023. Meanwhile, CNP fraud is expected to rise in the USA by 2024, comprising approximately three-quarters of the total payment fraud loss.

Around a quarter of US adults reported being victims of account takeover (ATO) attacks in 2023. Moreover, while roughly one in ten banking customers reported P2P payment scams as of May 2023, more than half of them expressed satisfaction with their bank’s handling of P2P fraud claims.

Key Questions Covered:

How much online payment fraud loss is expected globally by 2028?Which global region is projected to witness the highest online payment fraud loss in 2025?How many global respondents believed biometric authentication enhances online security in April 2023?What share of global B2C E-Commerce revenue was lost to fraud in 2023?What is the projected expenditure for global financial crime prevention by 2027?

Key Topics Covered:

1. Key Takeaways

2. Management Summary

3. Global Developments

Overview of Security in Virtual Cards Market, February 2024Overview of Enhanced Security Measures at POS, February 2024 (1 of 2)Overview of Enhanced Security Measures at POS, February 2024 (2 of 2)Overview of Concerns in Online And Mobile Payment Market, February 2024Overview of AI Use in Embedded Finance Ecosystem, February 2024Merchant Online Payment Fraud Loss, in USD billion, 2023e & 2028fOnline Payment Fraud Loss Value, by Region, in USD billion, 2025fB2C E-Commerce Loss Due to Online Payment Fraud, in USD billion, 2020 & 2023eShare of B2C E-Commerce Revenue Loss to Fraud, in %, 2023Breakdown of Fraudulent B2C E-Commerce Transaction Value, by Region, in %, 2023eFinancial Crime Prevention Spend, in USD billion, 2023e & 2027fBiometric In-Store Payments Market Size, in USD trillion, 2024e & 2028fNumber of Digital Identity Verification Checks, in billions, 2023e & 2024fShare of Banking Making Up the Total Digital Identity Verification Market, in %, 2024fShare of Consumers Agreeing With the Following Statements Related to Security of Online Payments, in %, April 2023Noted Annual Increase in Payment Fraud Growth Over Real-Time Payment Rails, by Fraud Type, in % of Financial Institutions, 2022Share of Financial Institutions That Plan to Make Major Changes to Enhance Their RTP Fraud Controls Over the Next 1-2 Years, March 2023

4. Europe

4.1. Regional
. Share of Card Fraud That Involves Cross-Border Transactions, in %, 2023e
. Breakdown of Digital Wallet Attributes That Respondents Value the Most, in % of Respondents, September 2022
. Top Concerns When It Comes to Embedded Financial Services and Products, in % of Respondents, April 2023

4.2. UK
4.3. Germany
4.4. Switzerland

5. North America

5.1. USA

Total Card-Not-Present (CNP) Fraud Loss, in USD billion, in % of Total Payment Fraud Loss, 2019-2024fShare of Adults Who Have Fallen Victim to Account Takeover (ATO) Attacks, in %, 2023eP2P Fraud Loss Value, in USD billion, 2021 & 2022Share of Banking Customers Who Say That They Have Been Victimized by a P2P Payment Scam in the Last 12 Months, in %, May 2023Breakdown of Banking Customer Satisfaction With Their Bank’s Response to P2P Fraud Claims, in %, May 2023Share of Imposter Scams Making Up Total Reported Scams to the Federal Trade Commission, in %, Q3 2023Breakdown of Main Reasons Among Respondents For Not Using Mobile Payment Solutions More Often, in % of Respondents, July 2023Breakdown of When SMEs Expect to Be Able to Offer Payments Verified With Biometric Authentication, in %, October 2022

5.2. Canada

Reasons for Using Prepaid Cards For Making Online Payments, in % of Respondents, April 2023

6. Latin America

6.1. Regional

Fraud Detection and Prevention Market, incl. “Online Payment Fraud“, in USD billion, 2024f & 2028fBreakdown of Reasons Why Businesses Do Not Use Technology to Combat Fraud, incl. “Online Payment Fraud” in %, 2023e

7. Asia-Pacific

7.1. Regional

Overview of Fraud in Online Payments, February 2024Use of Online Shopping Channels For Frauds, by Country, in %, November 2023

7.2. Australia

Payment Card Fraud Value, in AUD million, FY 2022 & FY 2023Domestic Card-Not-Present (CNP) Fraud Value, in AUD million, FY 2022 & FY 2023Overseas/Via Overseas Merchant Card-Not-Present (CNP) Fraud Value, in AUD million, FY 2022 & FY 2023

8. Middle East and Africa

8.1. Regional

Total Fraud Loss Value, incl. “Online Payment Fraud“, in USD billion, 2023e & 2028fShare of Fraudulent Verification Attempts in Payment Industry, in %, February 2023 & August 2023

For more information about this report visit https://www.researchandmarkets.com/r/91ltzf

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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SOURCE Research and Markets

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Club Offers for Travel Enthusiasts in Canada

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

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SOURCE Travelzoo

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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