Combating Chargeback Fraud with Ron Hynes of Vesta: Ep 168
PayPod: The Payments and Fintech Podcast
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The True Cost of Fraud
The true cost of fraud is the amount of money that any individual merchant may spend trying to combat fraud, says Vesta. The actual occurrence of fraudulent transactions and chargeback is just the tip of the iceberg of what the true cost of Fraud is to a merchant. "We want to cover some of the keys to eliminating chargeback fraud as well as card not present or CNP fraud liability in the context of today's post-pandemic world," he adds.
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