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8 out of 10 merchants have seen an increase in friendly fraud, according to the 2021 Chargebacks911 Field Report

The latest piece of groundbreaking industry research from dispute resolution specialist Chargebacks911, The 2021 Chargeback Field Report assessed over 400 merchants across the US and the UK and identified a dramatic rise in friendly fraud over the past three years, with 80% of merchants seeing an increase in false claims.

In addition, while 94% of merchants consider friendly fraud to be a problem for their business, less than 30% are taking steps to combat it. This behaviour indicates that there is a knowledge gap preventing merchants from confidently combating fraudulently filed chargebacks.

Other headline stats include:
• 68% of merchants have seen the pandemic cause an increase to their chargebacks
• Nearly a third of merchants experience difficulties contesting illegitimate chargebacks
• And for every friendly fraud case that goes uncontested, 50% of cardholders will go on to commit the crime again in less than 60 days

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Specialist data reconciliation and reporting platform, Kani Payments, has partnered with the world’s largest Quality of Life services company, Sodexo Engage

Kani will replace Sodexo Engage’s legacy data management systems which ran manually, becoming a drain on time, money, and resources, and lacking the scale required to handle the sheer volume of data processed by the engagement payments giant. In doing so, Kani will simplify Sodexo Engage’s complex transaction data and provide a single space for data management. In addition, the platform will provide real-time, actionable data insights that allow for Sodexo’s critical business decisions to be implemented faster and with greater efficiency.

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