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What Is First-Party Fraud?

FICO

Traditional third-party fraud entails some form of impersonation or stolen identity, whether through stolen card credentials or someone taking over your identity. In contrast, first-party fraud often masquerades as a credit risk problem; delinquent accounts are sent to collections for a progression of treatment.

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First-Party Fraud and the Hidden Drain on Revenues

FICO

Traditional third-party fraud entails some form of impersonation, whether through stolen card credentials or someone taking over your identity. In contrast, first-party fraud often masquerades as a credit risk problem; delinquent accounts are sent to collections for a progression of treatment. by Matt Cox.