Category: FRAUD
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FTC Ramps Up AI Regulation with new Impersonation Rule
In a significant move to protect consumers and legitimate businesses, the Federal Trade Commission (FTC) has announced the implementation of the Impersonation Rule, which went into effect on April 11, 2024. This new rule specifically targets scams and deceptive practices involving the impersonation of government agencies and businesses, with a particular focus on the growing…
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The Rise of Friendly Fraud Among Gen Z and What Businesses Can Do
Friendly fraud is where customers dispute transactions they actually made through their credit card company or bank, aiming to get their money back. It’s as problematic as it sounds. 42% of Gen Zers (those born between 1997 and 2012) have fessed up to committing friendly fraud. With the digital world at their fingertips, disputing a…
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PayPal Frozen Funds Hack: Chargeback YOURSELF
Efficient transactions are the lifeblood of any successful business. But sometimes, our trusted tools don’t always work in our favor. One such scenario involves PayPal freezing funds, a situation that has left many online merchants in a lurch. If you’ve ever had your PayPal account frozen, you know the struggle of not being able to…
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Block Inc Accused of Fraud, Is Square Payment Processing Unsafe?
In the high-stakes world of e-commerce, payment processors play a critical role in the success and stability of your business. These platforms are the lifeblood of your online store, enabling seamless transactions between you and your customers. But what happens when the safety of your payment processor is called into question? The thought alone sends…
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Increase Conversions, Decrease Declines with Alternative Payment Modes like FedNow
CHARGEBACKS, CREDIT CARD DECLINES, CREDIT CARD FRAUD, CREDIT CARD PROCESSING, Fintech, FRAUD, PAYMENT PROCESSING, SECURITYAre you looking for an easy way to increase your conversions and decrease declines? Incorporating alternative payment modes, such as FedNow, into your existing payments system can be a powerful tool in helping achieve these goals. With the rise of debit cards and the prevalence of mobile wallets, incorporating new ways to quickly process payments…
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