CHARGEBACK FRAUD HAS BECOME A CONSUMER WEAPON

On 24 July, Finextra reported in a blog post that convenient access to easily granted charge repudiations has opened the door to purposeful friendly fraud.  It is claimed that a growing field of users now abuse the chargeback process – a system meant to protect consumers – to sidestep the refund process and engage in “cyber shoplifting”. 

https://www.finextra.com/blogposting/22640/friendly-fire-chargeback-fraud-has-become-a-consumer-weapon

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017