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Google Pay and Apple Pay chargebacks fraud hardest to challenge
Nearly half (40%) of merchants are reporting a rise in friendly fraud over the past 12 months, but the majority are struggling to challenge Google Pay and Apple Pay chargebacks... more
The post Google Pay and Apple Pay chargebacks fraud hardest to challenge appeared first on Payments Cards & Mobile.
The Chargeback Triangle – what happens when transactions go wrong?
Chargebacks were a $31 billion problem in 2017 — a burden that extends far beyond the liability for disputed transactions. Complying with complex and arcane rules that vary across networks and transaction types shoulders merchants with a tremendous financial burden. Short deadlines challenge merchants’ ability to gather documentation and assess the best disputes to fight. [...]
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Fraud: EMV chargebacks in the US
Nearly half a year since the EMV liability shift in the US, consumers have been through several statement cycles, and the acquiring industry should be able to get an early read on the increased chargeback volume due to the liability shift. Some 70% – 80% of active general purpose credit cards and 25% to 35% of active [...]
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Warning of online fraud and chargebacks ahead of Black Friday
Global Risk Technologies is warning individuals and online retailers to be aware of hidden threats in the upcoming shopping extravaganza of Black Friday (27th November). Experts are predicting it to create the first ever £1 billion UK shopping day, but it’s not all good news. 83% of people in the UK are now aware of the [...]
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