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Latest Friendly fraud Stories

2014-05-06 08:44:58

Chargeback911 comments on the effects of chargebacks on eCommerce merchants, citing Amazon's charge dispute policies as evidence of the industry-wide need for unbiased administrators designated to render chargebacks manageable for online merchants. TAMPA BAY, Fla., May 6, 2014 /PRNewswire-iReach/ -- Despite their best efforts to counteract fraudulent and/or unjust chargebacks, many merchants are still losing a reported 60 percent of contested chargeback claims (1)--leading Chargebacks911, a...

2014-05-06 08:43:51

eConsumerServices addresses consumer risks due to chargeback disputes--what was meant to be a method of protection has left some frustrated consumers with a loss of time and money. CLEARWATER, Fla., May 6, 2014 /PRNewswire-iReach/ -- Known as a consumer's secret weapon in a fight against a merchant, chargebacks were created as a means of protection for consumers, but have increasingly become a cause for concern within the eCommerce industry. Merchants are losing nearly $12 billion a year due...

2014-04-15 08:38:07

Chargebacks were created as a means of protection for consumers, but are now being abused by the very people they were meant to protect. As the industry catches on to the activities of dishonest consumers, eConsumerServices warns that those who engage in friendly fraud could be labeled "online shoplifters" and eventually face fines and penalties currently being incurred by merchants. CLEARWATER, Fla., April 15, 2014 /PRNewswire-iReach/ -- "Friendly fraud," a seemingly conflicting...

2014-03-10 08:36:39

eConsumerServices educates consumers about the effects of friendly fraud and the correct approach to filing chargebacks. TAMPA BAY, Fla., March 10, 2014 /PRNewswire-iReach/ -- Consumers are unknowingly contributing to an imbalance in the ecommerce industry, and inadvertently costing themselves in the process. The online shopping community has grown and as a result, sometimes consumers find errors with a transaction, such as not receiving goods, or being charged for goods they didn't order -...

2014-02-18 12:34:22

Credit card processors are pressuring online merchants to accept chargebacks as a necessary evil and stop fighting them entirely--Chargebacks911 says that the prohibited activity not only infringes upon a merchant's right to dispute, but also further influences imbalance in the e-commerce industry. TAMPA BAY, Fla., Feb. 18, 2014 /PRNewswire-iReach/ -- E-commerce retailers, or "e-tailers," offer consumers the benefit of convenience--but many Internet merchants have found themselves fighting an...

2014-02-05 12:32:12

MUNICH, February 5, 2014 /PRNewswire/ -- PAY.ON, worldwide leading provider of omnichannel, web-based payment infrastructure systems, and Kount, a leading SaaS provider of innovative fraud and chargeback prevention solutions, have agreed on a strategic cooperation between the two companies. PAY.ON is also integrating the services of the Kount Complete platform and fraud control technology Kount SMB into its infrastructure platforms, thus making solutions from Kount available...

2014-01-08 23:20:44

Dispute mitigation company, Chargebacks911, explains why merchants should invest in a chargeback specialist and what to look for in a reputable provider. Tampa Bay, FL (PRWEB) January 08, 2014 Despite chargebacks being one of the biggest challenges facing online businesses today, studies show that merchants are letting at least half of all chargeback cases go unanswered (1). And the financial consequence of such behavior is risky – online retailers are drawing a $279 loss for every $100...

2013-09-29 23:00:52

Monica Eaton-Cardone of Chargebacks911 recently detailed the ramifications of friendly fraud in an interview with the NRF's publishing group, STORES - Eaton-Cardone encourages merchants to heed the threat before it is too late. Tampa Bay, FL (PRWEB) September 29, 2013 Friendly fraud, occurring when customers make a purchase, receive the item or service, then dispute the charge and get an unwarranted refund, is an ever-growing obstacle many online merchants continually battle. Because...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.