Mastercard is extending its First-Party Trust program to Asia Pacific, Canada, Latin America, and the Caribbean to combat first-party or 'friendly' fraud, where customers dispute legitimate transactions.
The program enhances data sharing between merchants and card issuers to differentiate third-party fraud from disputes raised by cardholders.
Merchants can share enhanced transaction data to help issuers assess claims accurately and reduce unwarranted chargebacks.
Mastercard aims to streamline dispute resolution, providing clearer guidelines on compelling evidence and offering chargeback protection to eligible merchants.