Topic

Chargebacks

Card transactions reversed after a cardholder dispute. Card networks monitor chargeback rates per merchant as a proxy for deception or fraud, and whoever underwrote the account absorbs the cost when the merchant does not repay.

Current clusters

invest1 publisher

FTC's $12M case against Humboldt cites sham merchants, ignored warnings and a 2015 BMO consultant report

The findings a consulting firm produced for BMO Harris in 2015 now sit inside an FTC complaint as evidence against the processor they described, and the $12 million and the processing ban fall on the processor alone.

Publishers:americanbanker.com

Reality

Evidence62
Adoption30
Hype gap+5
Incentives68
Confidence60