Reducing friendly and malicious fraud

Once you've isolated what is driving your chargebacks, you can start figuring out how to reduce them. In this article, you'll learn the high-level approaches to reducing malicious fraud and tricks to reduce friendly fraud. While friendly fraud isn't directly targetable, this article will outline what you can do to reduce the likelihood. However, the … Continue reading Reducing friendly and malicious fraud

Is it a service/product issue, friendly fraud, or malicious fraud?

Now that you have categorized your chargeback codes into high-level chargeback reasons, the next important thing to do is understand the key driving factors behind each chargeback. Once you know the causes, you can start reducing your chargebacks. Chargeback causation can be broken out into three major categories: Service and/or Product Issue Friendly Fraud Malicious … Continue reading Is it a service/product issue, friendly fraud, or malicious fraud?

Foundational steps for building a customized fraud strategy

A good Risk Management process can defend thousands of merchants and isolate fraud across millions of users. How do you get there? What questions should you ask? What data do you need? What processes can be built and how do you decide the correct path or tools to use? These are huge questions that are … Continue reading Foundational steps for building a customized fraud strategy

How good Customer Support helps with chargebacks

Customer Support can be directly correlated to your chargeback rate. This is easily trackable and can be optimized. Bad customer experience motivates people to find help elsewhere. If customers feel they aren’t heard and aren’t really helped, they are more likely to go to their bank for a refund regardless of the store policy or … Continue reading How good Customer Support helps with chargebacks