m-Commerce growth in sales and fraud.

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Between 2016-20, U.S. mobile commerce (m-Commerce) sales are projected to grow from $79,000,000,000 to $284,000,000,000. Data also reveals rising fraud in the mobile channel: from 2015-16, 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%.

Chargebacks911, Tampa Bay, Fla., a dispute mitigation and risk management firm, advises merchants hoping to cash in on the m-Commerce boom to be proactive in addressing fraud with dynamic, multi-layered solutions.

BI Intelligence's recent Mobile Checkout Report illustrates the dramatic growth in m-Commerce. In 2014, mobile represented 11.6% of the U.S.'s $303,000,000,000 in eCommerce sales. This year, m-Commerce is estimated to total 20.6% of $385,000,000,000 in eCommerce. By 2020, analysts project it will account for 45% of the nation's $632,000,000,000 in eCommerce.

While 16% of all merchants currently engage in m-Commerce, another 32% are considering accepting mobile transactions within the next 12 months. Of large eCommerce merchants, 80% indicate they will accept m-Commerce payments within the next year or two. Yet, large m-Commerce companies report more attempted and successful fraud than any other channel; on average, they experience 880 fraud attempts each month, and 581 of those attempts--or 66%--are successful.

'When looking at industry statistics, it is obvious that consumers' comfort level with mobile transactions has been steadily growing," notes Monica Cardone, cofounder and chief operating officer of Chargebacks911. "As a result, many merchants are shifting their attention to the mobile channel in an effort to claim a share of the m-Commerce pie. However, it's critical for them to have measures in place to...

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