The current interest in generative artificial intelligence (AI) has caused some to conclude that we may see a new wave of AI-enabled fraud. However, the payments industry shouldn’t overestimate the abilities of large language models or underestimate the power of existing anti-fraud systems, says chargeback… Read More
Read more in: Fintech | Tagged chargeback, chargebacks911, large language model, LLM, monica eaton
Chargebacks911 and Fi911, the global firm focused on chargeback management technology, has reaffirmed its support of continued discussion “around strategies to reduce the likelihood of friendly fraud, such as the Federal Trade Commission’s (FTC) proposed ‘click-to-cancel’ provision to its 1973 Negative Option Rule.” The provision… Read More
Read more in: Fintech, General News | Tagged chargebacks, chargebacks911, digital transactions, fi911, financial services, monica eaton, united states, update, us
We recently sat down with Monica Eaton from Chargebacks911 to gain more insights regarding the partnership between Finastra and Microsoft and how it addresses the requirements of corporate clients. Eaton, founder and CEO at Chargebacks911, also commented on how the collaboration addresses the challenges banks face… Read More
Read more in: Fintech, Featured Headlines, Global, Opinion | Tagged chargebacks911, finastra, microsoft, monica eaton, perspective, trade finance, women changing finance
Post-COVID-19 holiday shoppers flocked to online sales “in unprecedented numbers in 2022, bringing along with it an increased risk of chargebacks.” Monica Eaton, founder of Chargebacks911, advises eCommerce merchants “to act now and protect themselves from first-party fraud.” As holiday shoppers navigated the post-COVID-19 inflationary… Read More
Read more in: Fintech | Tagged chargebacks, chargebacks911, consumer behavior, covid-19, digital commerce, digital transactions, e-commerce, financial services, fraud, fraudulent activities, monica eaton, online shopping, transaction disputes
Driven by the COVID-19 pandemic, U.S. eCommerce sales “increased by 50.5% from 2019 to 2021,” according to an update shared by Chargebacks911. While eCommerce growth is “predicted to slow to 9.4% year over year in 2022, online sales are expected to cross the $1 trillion… Read More
Read more in: Fintech, General News, Global | Tagged chargebacks, chargebacks911, digital commerce, digital transactions, e-commerce, monica eaton, online sales, online shopping, online transactions, research, united states, us
A chargeback is the formal process initiated when a cardholder disputes a payment – “often leading to the cardholder being reimbursed directly by their issuing bank, which then obtains the funds from the merchant,” according to an update from Chargebacks 911. The update further noted… Read More
Read more in: Fintech | Tagged amadeus, chargeback, chargebacks, chargebacks911, digital transactions, fintech adoption, fintech trends, monica eaton, Payment Cards, payments, transaction disputes
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