How FaaS (Fraud as a Service) Contributes to Chargebacks
Understand FaaS (Fraud as a Service): a troubling service that provides tools for fraudsters, impacting merchants small and large.
Understand FaaS (Fraud as a Service): a troubling service that provides tools for fraudsters, impacting merchants small and large.
First-party chargeback fraud is a major issue for businesses, including restaurants, retailers, service providers, and more.
The travel industry is rife with chargeback fraud. Luckily there are many tools available to reduce and manage chargebacks.
They may be intended for the act of giving but gift cards are also the de facto currency for fraud online, since they're as anonymous as cash.
Most of your criminal fraud and subsequent chargebacks spawn from what is known as the Fraud Ecosystem.
The EuroPay, MasterCard and Visa (EMV) migration to “smart cards” is a textbook example of the dissonance between expectation and execution.
Fighting fraud is a tightrope act. You want to protect your business from fraud and chargebacks. But if you overprotect, your bottom line can suffer.