Friendly fraud — which refers to customers requesting a refund for an otherwise legitimate payment — is getting worse, increasing the danger of financial losses and the risk of security overreach to ...

The impact of fraud on companies grows every year. In 2020 alone, in the United States, more than $ 630 billion was spent on online purchases and $ 12 billion was lost to fraud. In addition, global ...

Since the chargeback system was first introduced through the Consumer Protection Act of 1968, consumers have found creative ...

Some card details on this page may be out of date. Kendra Graham -- owner of Kendra’s Gems-- found out that after shipping merchandise to two different customers, they disputed the purchases with ...

So-called friendly fraud is a growing problem for many merchants. A report from chargeback-management firm Chargebacks911 reveals that nearly three quarters of the 300 merchants surveyed have seen a ...

OMAHA, Neb.--(BUSINESS WIRE)-- 'Friendly fraud’ is expected to increase by 25% between Thanksgiving and Cyber Monday, according to an analysis of billions of transactions of global eCommerce ...

The tech giant's long-awaited pay-later service is on a collision course with illegitimate chargebacks. In just three short years, the number of Americans using buy now, pay later (BNPL) services has ...

CHICAGO (WLS) -- It's easier than ever now to get fraudulent charges reversed from your credit or debit card, especially in a new world of data breaches at stores including Target and Jewel. But the ...

They’re canceling honesty now. A new report reveals a staggeringly high number of Gen Zers openly admitting to engaging in credit card fraud — with nearly half of them committing the financial crime, ...

Friendly fraud has become a pressing issue for businesses, particularly in the fast-evolving world of e-commerce. This, according to a new report released by Juniper Research. Unlike traditional fraud ...

Chances are you’ve spotted odd-looking charges on your credit card statement, which prompted you to seek a refund from your issuer. Around 50% of consumers investigated a transaction they made in the ...