Technology Social Media and Updates

First‑party Fraud Needs Memory, Not More Blocks

First-party fraud passes every check. The data lines up; the customer's real. The problem is intent, and intent is difficult to quantify. First-party fraud is hard to detect because it's hard to define. A PSP sees risk. A merchant sees a refund. A network sees noise. So how do you share signals without forcing everyone to agree? In a recent episode of Not Fintech Investment Advice on the @FintechTakes podcast, @sytaylor and I talk about what makes first-party fraud more of a qualitative problem, and why blocking more transactions isn't always the fix. It’s all about building memory, which is what @trudenty's working on. Watch the clip, then tune in to hear more about the fintech startups Simon and I are absolutely not giving investment advice on: https://t.co/91WaPOsunX (Also featuring Tidalwave, @kaaj_ai, & FinReach Solutions)