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PayArc Comments on Friendly Fraud

PayArc Comments on Friendly Fraud

Friendly fraud is anything but. In fact, the friendly fraud problem continues to grow and merchants are especially vulnerable during the holidays. In some cases, it accounts for 35% of fraud loss!  Jared Ronski discusses this issue and lays out tips for merchants...
How to Accept Payment Online: Low Risk vs. High Risk

How to Accept Payment Online: Low Risk vs. High Risk

If you’re on the hunt for a merchant account so you can accept online credit card payments, you’ve heard of low risk vs. high risk merchant accounts. But what does that distinction really mean? And does it really matter which kind of merchant account you apply for?...
Ins and Outs of the Credit Card Dispute Process

Ins and Outs of the Credit Card Dispute Process

If you’re an online merchant, you probably know that fraud in card-not-present (CNP) transactions is on the rise, increasing from 2.8 billion in 2014 to 4 billion in 2017. That means that more and more consumers might be the victims of online fraud — or they are...
Calculating the True Cost of Chargebacks

Calculating the True Cost of Chargebacks

An unfortunate reality of doing business today is chargebacks. There are two types of fraud – true and friendly fraud. With the former, a bad actor has obtained sensitive card data of which they are not the owner and uses that information to make a purchase (aka...