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23 - What is Friendly Fraud (Blogs on Tape)
DESCRIPTION
Blogs on Tape - Popular articles from our blog presented in a format for audio learners and busy professionals.
Friendly fraud (sometimes called "chargeback fraud") is a specific type of credit card fraud where the perpetrator is actually the consumer, not an identity thief. Authorized cardholders dispute legitimate charges to their accounts, abusing loopholes in the process and attempting to get something for free.
Original Article read by Georg Turner