Friendly fraud can take a 25% bite out of online merchant’s profits, and demand even greater tolls in regulatory costs.The problem has been brewing for years, and a variety of factors have contributed, including the pandemic. However, this is no short-term problem, and online businesses need to address or face the consequences of a dwindling bottom line.
In this eBook, we’ll go over these common impacts on the bottom line of businesses, as well as a way to combat friendly fraud, and other types of fraud, automatically using an AI system.
Highlights include:
- Types of chargebacks
- What “friendly” fraud might look like
- Origin and scope of problem
- Impact on your bottom line
- Legacy systems and mindsets
- The new and improved 3DS2
- Additional practices to prevent friendly fraud
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Experience how FraudNet can help you reduce fraud, stay compliant, and protect your business and bottom line
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