Vray careers

Vray ONLINE provides data-breach-free security . Vray technology works in such a way that neither retailers nor Vray have access to the consumer's credit card information. Card-Not-Present fraud (CNP fraud) cost is predicted to reach $18.6 billion USD by 2018, driven largely by the US rollout of EMV chip card and expected increases in online spending in the US market from $294.5 billion in 2015 to $426 billion by 2019. Given the recent data breaches and overall increases in e-commerce fraud, the vulnerability of the online channel is a concern for merchants. Based on LexisNexis annual report, the total fraud cost as a percentage of revenue for multi-channel retailers increases from 1.42% in 2013 to 3.43% in 2016. After October 1st, 2015, which is the date of mandatory shift to EMV chip card, CNP fraud cost comprises much larger portion of the fraud cost increase.