Sunday , April 11, 2021

Eye on Retail: Forter’s Anti-Fraud Tools; Mastercard’s 26.3% Retail Sales Increase

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.

Online retailers using Adobe Inc.’s Magento platform can use a Magento plugin to ease the integration. Forter’s technology can help identify legitimate consumers and help reduce false declines.

“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.

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