NoFraud, an e-commerce fraud prevention provider, has acquired Yofi AI, a return fraud and policy abuse detection platform for e-commerce retailers backed by Nyca Partners, Point72 Ventures, and eBay ...

A Richmond man is facing federal charges for his alleged involvement in a return fraud scheme costing major retailers more than $750,000. According to federal court documents, Cody Cavallaro — a ...

'Friendly fraud’ is expected to increase by 25% between Thanksgiving and Cyber Monday, according to an analysis of billions of transactions of global eCommerce businesses by ACI Worldwide (NASDAQ: ...

“Free returns” aren’t always free anymore: lots of retailers now deduct mail-in return fees, so your best move is in-store returns Fraud detection is getting smarter: retailers are using AI + image ...

LOS ANGELES, Dec 18 (Reuters) - Nearly one in every 10 retail items that are returned for a refund in the U.S. is fraudulent, according to a UPS-owned reverse logistics company that says it plans to ...

A number of other major retailers also have big changes on tap for the holiday season. Retailers balance customer-friendly return policies with rising costs and increasing return fraud. Major ...

Retailers are heading into peak season knowing that nearly a trillion dollars in merchandise will boomerang back through their doors, testing margins, logistics and customer patience all at once.

Retailers lose $76.5 billion annually to return fraud as nearly 10% of U.S. retail returns involve fraudulent activity, with $850 billion in returns expected in 2025.