Fraud Prevention: Can You Prove
Your Digital Item Has Been Delivered?
One of the top concerns for any online merchant are fraudulent purchases from
their website. According to the Internet Crime Report, more than 219,553
incidents of Internet fraud were reported in 2007 (Internet Crime Report: 2007, pg
1). The monetary loss to both consumers and businesses for that same year
was estimated to be $239 million. In an ever-evolving Internet market, online
merchants must be vigilant in protecting themselves from savvy scammers.
Digital delivery merchants experience an untold incident of fraudulent purchases,
and often have no recourse but to eat the costs associated with these charges.
In the 2007 eCommerce Chargeback report, 65% of online merchants
automatically refunded about 46% of all manually reviewed orders (eCommerce
Chargeback Report: 2007, pg 3). The problem for digital delivery merchants is
that they suffer not only from loss of revenue on these types of fraudulent
purchases, they also suffer the loss of intellectual property, loss of time in
reviewing each individual order, and any associated chargeback fees. In the
past there has been no resource for proving delivery of digital goods.
A revolutionary tool is available to digital delivery merchants, EDDCS (Electronic Download
Delivery Confirmation Service™). EDDCS is the only service on the Internet that
gives digital merchants proof of delivery on downloaded merchandise. The
patented technology works similar to FedEx, UPS, or USPS in that it
provides delivery confirmation, viewable by third parties, on downloaded
merchandise. The moment an item is ready to be delivered a unique delivery
confirmation code is created for delivery of that item. The item is then delivered
using encoded delivery agent software on the merchant's server, and delivery
confirmation is updated and tracked through the EDDCS system. EDDCS works
seamlessly behind the scenes, giving merchants one extra layer of Internet
Lets face it; Internet fraud is a real problem. According to the eCommerce
Chargeback Report (eCommerce Chargeback Report: 2007, pg 4), 95% of
merchants felt they could be doing more than they were to curb the cost of fraud.
Is your company?
EDDCS is the only tool that provides delivery confirmation of
digitally delivered goods. EDDCS will change the way
you do business on the Internet.