Mastercard Aims To Fight ‘Gobbledygook’ On Online Card Statements
PYMNTS
SEPTEMBER 30, 2020
It’s happened to almost all consumers: They’re idly perusing their credit card statements when they come across completely confusing, seemingly random charges from businesses they don’t recognize in locations they’ve never visited. Depending on the industry, friendly fraud can account for anywhere from 25-80 percent of all fraud losses.
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