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For example, in 2014, the FTC settled with Apple over allegations that the company allowed children to make unauthorized in-app purchases without their parents' consent. As part of the settlement, Apple agreed to refund a minimum of $32.5 million to affected consumers that were billed for in-app purchases incurred by children.
The Fair Credit Billing Act (FCBA) also offers protections for so-called billing errors, which include unauthorized charges. Under federal law, your liability for fraudulent use of your card is ...
The Federal Trade Commission has announced it will issue refunds to nearly 630,000 Fortnite players after ruling that the maker of the popular video game, Epic Games, duped people “into making ...
Return fraud is the act of defrauding a retail store by means of the return process.There are various ways in which this crime is committed. For example, the offender may return stolen merchandise to secure cash, steal receipts or receipt tape to enable a falsified return, or use somebody else's receipt to try to return an item picked up from a store shelf.
To help eliminate call center purchase chargebacks, call centers are working to make the purchases more like card present purchases. When consumers walk into a store and buy something, they typically swipe their credit cards, confirm the purchase amount, enter a secret code (or sign their name) and leave with the merchandise.
Epic Games agreed to pay $245 million in refunds to Fortnite players who federal regulators say were "tricked" into making unwanted in-game purchases.
A fake automated teller slot used for "skimming". Credit card fraud is an inclusive term for fraud committed using a payment card, such as a credit card or debit card. [1] The purpose may be to obtain goods or services or to make payment to another account, which is controlled by a criminal.
The refunds ordered by the FTC are available to any parents whose children made unauthorised credit card purchases on the Epic Games Store between January 2017 and November 2018, as well as ...