Forter Ltd., a specialist in online-fraud prevention, says merchants using the Magento e-commerce platform now have access to its services. Meanwhile, Mastercard Inc. says total U.S. retail sales increased 26.3% in March from March 2020.
“Merchants need the ability to accurately identify legitimate behavior in real time to limit false declines, reduce friction, and optimize the end-to-end customer journey,” Michael Reitblat, Forter chief executive and cofounder, said in a statement.
Meanwhile, Mastercard says total U.S. retail sales last month, excluding automotive and gasoline, increased 26.3% from March 2020, when the first Covid-19 lockdowns were imposed. Online sales increased 56.8% for the same period. The Mastercard SpendingPulse report analyzes in-store and online retail sales across all forms of payment.
Most sectors experienced growth from last year, an exception being grocery. Mastercard explains that grocery sales surged a year ago as consumers stocked up for the lockdown. March 2021 grocery sales were down 20.4% from a year prior, but when compared to March 2019, grocery sales are up 7.5%.
The top gainer in March 2021 was department stores, up 114.3% from March 2020.