Fraud
In the context of payments, fraud typically includes unauthorized transactions, identity theft, or the use of stolen payment credentials to make purchases. Fraudulent activities can occur through various channels, such as online transactions, card-not-present purchases, or unauthorized access to financial accounts. Preventing and detecting fraud is crucial for maintaining the security and integrity of the […]
In the context of payments, fraud typically includes unauthorized transactions, identity theft, or the use of stolen payment credentials to make purchases. Fraudulent activities can occur through various channels, such as online transactions, card-not-present purchases, or unauthorized access to financial accounts. Preventing and detecting fraud is crucial for maintaining the security and integrity of the payment ecosystem, often requiring the implementation of robust security measures and fraud detection systems by financial institutions and merchants.
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