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0.000274519133983597 0.0010614739847366 0.00029282040958249 -0.00296480664702351 -0.00508775461649693 -0.00409033509635645 -0.00129939056752262 -0.00316612067861133
Stock impact report

Combatting Return Fraud: A Growing Challenge In The Digital Age [Forbes]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Forbes
And it may require considerable backtracking to realize that Fred sold you artisan candlesticks at his farmers market stall last month. Sometimes, however, consumers do not bother to look back and end up challenging charges they actually made. These chargebacks (when an issuer reverses funds back to the cardholder) are known as “friendly” or first-party fraud. While they might be considered “friendly” compared to when a third-party fraudster steals a credit card number, they are fraud, nonetheless. Even mistaken chargebacks must be investigated, which cost time and money. getty Then there are the not-so-friendly types of first-party fraud, including return fraud. This is when buyers knowingly return merchandise to a different retailer from where it was purchased or falsely report that a product ordered online did not arrive. These fraudulent activities cause significant losses for merchants and have become more common due to the massive uptick in online shopping since the pandem Show less Read more
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