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Chargeback fraud occurs when a consumer files a dispute for a transaction with their payment processor, either for fraud or for other valid reasons. Even though this procedure is specifically meant to combat crime, businesses—particularly online retailers—have faced numerous difficulties, one of which is significant …
As businesses strive to safeguard sensitive consumer data and stop fraud, identity verification takes center stage. Identity verification is becoming increasingly important as data breaches, hacking, and identity theft become more common. That being said, there is concern that identity verification processes could violate privacy …
With more businesses joining the online marketplace and the number of payment sectors increasing at a hefty rate, e-commerce fraud is also likely to grow. But fraud is something that your e-commerce business won’t be able to afford. Some statistics have shown that chargebacks will …