Credit Card Chargeback Laws: What You Need To Know

Chargeback Laws

Commercial businesses are always vulnerable to break-ins and thefts. However, some sectors, such as retailers, are more susceptible to less obvious forms of theft, such as credit card chargeback fraud.  Chargeback, also known as “friendly fraud,” occurs when a cardholder disputes a financial transaction and gets the payment reversed by their bank instead of contacting […]

How to Navigate Through Chargeback Insurance Options

Chargeback Insurance

Chargebacks occur when a buyer requests a reversal of a credit card payment that is issued from the bank. This was created as a way to protect consumers from merchant scams but has since evolved into a way for individuals to commit what is commonly known as “friendly fraud.” Friendly fraud occurs when a consumer […]

Mobile Identity Verification: What You Need To Know

mobile identity verification

Mobile identity verification is not new technology, but the lockdown has made a viable verification system more critical than ever. With so many customers conducting their banking from mobile devices, the risk of application fraud has never been higher.  Fraudsters can use personal information to open a bank account under someone else’s name or use […]

5 Reasons You Should Invest In Fraud Technology

fraud technology

It is high time for businesses such as banks and large retailers to invest in and integrate fraud technology into their existing infrastructure. The COVID-19 pandemic has forced businesses to shift to remote operations and working environments. However, this comes at a hefty cost considering every dollar of fraud now costs a U.S. business $3.36.  […]

Fraud Prevention Checklist: What To Watch Out For In Automotive Sales

fraud prevention checklist

In the automotive industry, single instances of fraud can amount to tens of thousands of dollars in losses even if the car is recovered. That said, the best way to minimize fraud losses is to prevent fraud from occurring in the first place. To do this, businesses and dealerships must take preventative measures to combat […]

4 Consumer Identity Theft Stories: How to Protect Your Customers

identity theft stories

Fraud does not limit itself to any particular business, it impacts all industries. While technology is improving and businesses are leveraging increasingly sophisticated fraud prevention methods, fraud is still on the rise.  In early 2020 the world shifted to a more remote, online environment and with that shift, came a 7% increase in fraud in […]

3 Key Benefits of a Handheld ID Scanner

Handheld ID Scanner

Handheld ID scanners are a great way to check if an ID is real and to extract information from the ID. Handheld ID scanners are typically paired with verification software to prevent fraudsters from slipping passed through. They can improve ID checking efficiency, reduce the risk of underaged individuals, keep a record of past fraudulent […]

5 Fraud Risk Management Solutions You Need

Risk Management Solutions

Fraud risk is the likelihood of an organization or business being subject to fraudulent activity. Banks and retailers use several methods to prevent fraudulent activities. To mitigate any fraud risks and be AML compliant, you need a fraud prevention team to stop cybercriminals from accessing your system and data. This fraud prevention team is responsible […]

4 Frequently Forged Identity Documents In Car Sales

forged identity documents

Fraud in the automotive industry can cost dealerships hundreds of thousands of dollars. Unfortunately for these dealerships, automotive lenders are now trying to make the dealerships shoulder the responsibility for fraud related losses, which leaves dealerships to absorb the detrimental costs.  In many automotive fraud cases, fraudsters will submit fraudulent documents that help them receive […]

4 Common Ways Identity Theft Happens In Car Sales

Automotive fraud

With the demand for automotive sales moving from in-person to online, the need for fraud prevention methods is also increasing. In fact, according to a recent study by GIACT, 85% of car shoppers are more likely to buy from particular dealerships that will allow them to start or complete nearly all of their vehicle purchases […]