1. Key Takeaways & Strategic Recommendations
1.1 Key Takeaways
1.1.1 Policy Abuse and First-party Fraud Escalate, Forcing Merchants to Shift to Holistic Loss Management
In XXXX, policy abuse, such as return abuse, promo abuse, refund fraud, and triangulation fraud, has overtaken some more traditional payment fraud vectors in terms of total merchant losses. This trend is driven both by opportunistic consumers and organised groups, whish exploit automated return workflows, lenient refund windows, instant credit issuance, Buy Now Pay Later (BNPL) loopholes, and loyalty programme vulnerabilities. First-party fraud has become increasingly difficult to detect due to the rise of consumers using AI tools to make fraudulent claims appear legitimate.
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Full Research Suite comprises of:
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