Why Chargebacks are Just One Piece of the Fraud Puzzle
In a new analysis, IPQS highlights that chargebacks are only one component of fraud losses. False declines, account takeovers, and abuse also significantly impact revenue and trust. The article emphasizes that fraud teams need broader visibility into risk and customer impact to address these diverse threats. IPQS breaks down how focusing solely on chargebacks leaves businesses vulnerable to other forms of fraud that can erode customer relationships and bottom lines. The piece calls for a more holistic approach to fraud prevention, integrating data from multiple sources to detect and mitigate various fraud types effectively.
// why it matters
Developers must build fraud detection systems that address multiple fraud types, not just chargebacks.