Merchant Fraud – Are You Ready for the Next Big Threat

April 6, 2022

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Merchant fraud occurs when merchants deceive acquirers to open illegitimate accounts that appear legitimate but are used to fraudulently obtain funds. These criminals can defraud acquirers in a number of ways, but the end results are the same – the acquirer suffers significant financial losses and reputational damage. In severe cases, acquirers may even find themselves facing legal action and/or criminal charges.

With merchant fraud cases on the rise, being able to identify the different types of merchant fraud schemes is the first step to staying vigilant.