Reversing a chargeback is the process of challenging a disputed transaction that has been initiated by a customer through their bank or credit card issuer.
When a customer files a chargeback, they are essentially requesting a refund from their bank or credit card company.
Velocity checks in eCommerce fraud prevention are a crucial strategy used to detect and mitigate fraudulent activities.
These checks involve monitoring and analyzing the frequency and rate of transactions or specific behaviors performed by a user within a given timeframe.