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Visa’s Rule Change Aims to Combat Friendly Fraud Losses for Small Businesses In an effort to help small businesses fight against first-party misuse in card-not-present transactions, Visa Inc. has announced a significant evolution in its dispute program. According to Visa, this change has the potential to save small businesses worldwide over a billion dollars in…
Visa Introduces Rule Change to Combat Friendly Fraud and Protect Small Businesses Introduction Visa Inc., a global leader in digital payments, has announced a significant rule change to its dispute program, aimed at helping merchants combat first-party misuse, commonly referred to as friendly fraud or first-party fraud, particularly in card-not-present transactions. This change is expected…