As global e-commerce continues growing at its feverish pace, retailers are understandably excited and embracing innovative solutions to ride the wave. But alongside that massive growth lurks the always villainous fraudster. There’s good news though – technology is making it simpler and faster to recognize when and where there may be a problem and to quickly address it.
One of the most common cases of e-commerce fraud is chargeback fraud. A chargeback is when a customer successfully disputes a transaction, resulting in the payment being reversed by the cardholder’s bank and debited from the e-commerce business.
