IOVATION -- Aug 21 -- There are many types of security threats out there that get significant press. Identity theft, credit card theft, account takeover, romance scams and money laundering. Friendly fraud isn't often talked about. Friendly fraud occurs when an individual makes a purchase and then denies the purchase with their card company after they have received the goods/services. A shared device reputation service allows online merchants to benefit from the knowledge and experience of their peers.
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