Tampa Bay, Fla., Aug. 23, 2016 — Between 2016 and 2020, U.S. mobile commerce (mCommerce) sales are projected to grow nearly 260%, from $79 billion to $284 billion.(1, 2) Data also reveals rising fraud in the mobile channel: from 2015 to 2016, LexisNexis’ mobile Fraud Multiplier climbed 12%, from $2.08 to $2.33 for every dollar of fraud. Meanwhile, the average percentage of successful fraud transactions in the mobile channel jumped from 26% to 35%.(3) Chargebacks911, a leading dispute mitigation and risk management firm, advises merchants hoping to cash in on the mCommerce boom to be proactive in addressing fraud with dynamic, multi-layered solutions.

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