MEDIUMVulnerability
Global
Mastercard expands First-Party Trust programme across Europe
·Source: Finextra
Updated:
Executive Summary
Mastercard today announced the expansion of its First-Party Trust program across Europe, to address the growing trend in first-party fraud, often referred to as ‘friendly’ fraud. This occurs when a cardholder disputes a legitimate purchase, either intentionally or because they do not recognize the transaction on their statement.
Analysis
Mastercard today announced the expansion of its First-Party Trust program across Europe, to address the growing trend in first-party fraud, often referred to as ‘friendly’ fraud. This occurs when a cardholder disputes a legitimate purchase, either intentionally or because they do not recognize the transaction on their statement.