Fraud & Risk
Criminal Masterminds or Uneducated Cardholders?
As the result of several changes and innovations in the payments industry, such as EMV, fraud is shifting from card-present to card-not-present transactions. Chargebacks911 discusses the implications these trends are having on online fraud, with a particular focus on the proliferation of friendly fraud. After examining why friendly fraud is growing, current obstacles and challenges are reviewed, concluding with several suggested remediation strategies.