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Furthermore, you might automatically assume that first-party fraud only affects banks, but as telcos evolve into payment processing and handset financiers, they also are now feeling the pinch. Whether an online bank or a telco financing costly devices, these organizations all face similar challenges. Common Types of First-Party Fraud.
From banks to telcos to debt collection agencies, what looks like unrecoverable bad debt may in fact be first-party fraud. For many people, the word “fraud” evokes images of shadowy criminals using stolen identities and purloined credit card information to commit financial crimes. What Is First-Party Fraud? Tue, 07/02/2019 - 02:45.
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