Fraud Protection

Card-Not-Present Chargeback Rules

Card-Not-Present Chargeback Rules

Since the introduction of the credit card chip (EMV), fraudsters have turned their attention to card-not-present fraud, which has seen a dramatic increase. One study by Juniper Research found that retailers are in for $130 billion in losses from 2018-2023. In the US alone, merchant losses from card-not-present fraud is about $5 billion a year, and total losses to credit…

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