Category: Risk & Fraud
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Businesses Expose 12% of Customer Data — Avoiding Data Breaches & What to Do When They Happen
It’s a frightening reality: 12% of businesses are exposing their customers’ private data. Data breaches cost companies tens of billions of dollars each year, but the financial damage is only the tip of the iceberg. The personal data of customers, including contact information, social security numbers, and credit card numbers, is being put at risk.…
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Enter Brazil iGaming Industry with These Fraud Prevention Best Practices
Brazil stands out as a burgeoning market, ripe with opportunities in the igaming industry. Yet, this potential comes hand-in-hand with the challenge of fraud. For merchants eyeing the Brazilian igaming sector, we’re here to help you navigate the complex landscape of payments and fraud prevention. These solutions simplify the journey by managing local currency collections,…
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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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Protect Your Revenue with These 3 Q1 Chargeback Prevention Strategies
Let’s talk about a not-so-fun part of post-holiday business: chargebacks. You know the drill—Q4 comes around, sales go through the roof thanks to the holiday rush and those irresistible sales events. But as the confetti settles, Q1 brings a less celebrated trend: a spike in returns, refunds, and the dreaded chargebacks. It’s like the financial…
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How to Successfully Dispute Chargebacks as a Merchant: Lessons from the Chargebacks911 Case
Chargebacks—a mechanism designed to protect consumers, but one that can also present significant challenges for businesses. The recent case of the Federal Trade Commission (FTC) against Chargebacks911 has cast a spotlight on these challenges, revealing the complexities and potential pitfalls within the chargeback process. As a merchant, understanding the intricacies of chargeback disputes is not…
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