Reduce fraud, protect your customers, convert more shoppers
Shopping cart abandonment due to account login issues costs etailers millions every year, not to mention the threat of data attacks that expose enterprise and consumer data. Ver-ID Authentication helps etailers increase shopper security online and reduces abandoned digital shopping carts by making it easy to log in to shopper accounts.
Convert Abandoned Shopping Carts with Ver-ID
New revenue – $129M
Potential Cyber Monday revenue to US online retailers if they could convert just 60% of the online shopping carts that are abandoned due to issues with account login at checkout.
Sources: Target, Comscore, Forrester, IBM
Cost of Ver-ID $27M
The cost of licensing Ver-ID for all shoppers with items in their carts on Cyber Monday.