A post-EMV liability shift increase in chargebacks and fraud leads Visa and MasterCard to take action.
Visa to block all U.S. counterfeit fraud chargebacks of less than $25. American Express to follow.
Friendly fraud, which involves cardholder-requested chargebacks, is on the rise, risk management firm says.
Online retailers are drawing a $279 loss for every $100 of fraud loss, partially attributed to chargebacks and their associated costs.
Chargebacks911 mitigation company pins much of the damage on line retailers not answering chargeback cases.
Requiring signatures is a start, says Chargebacks 911.