Tag Archives: fraud

Fraud any act of deception carried out for the purpose of unfair, undeserved and/or unlawful gain. Fraud is an adaptive crime, so it needs special methods of intelligent data analysis to detect and prevent it. Also Fraud can be defined as wrongful or criminal deception intented to result in financial or …

What is a Chargeback ? A chargeback is the reversal of a sale transaction. For merchants, chargebacks can be costly. Merchants can lose both the amount of the transaction being charged back and the related merchandise. Merchants also incur own internal costs for processing the chargeback. Although merchants probably can …