There is tremendous opportunity in the chargeback protection and management market, with the compound annual growth rate in the sector projected to grow by 27% until it hits $30 billion in 2027, according to the investment-strategy advisory firm Liminal. Chargeback fraud, sometimes called “friendly fraud,” happens when a cardholder deliberately requests a refund on goods purchased despite the goods having been received. But there may be a growing realization among petty criminals that chargeback fraud is easy to get away with. Chargeback protection and management solutions use "automated tools and data enrichment" to quickly flag potentially fraudulent chargebacks, the Liminal researchers explain. For more information on chargeback protection and management solutions, and the growth projections for the market, please visit the Liminal article.

Source: Fox News November 02, 2023 20:11 UTC