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The creditcard giant announced on Tuesday “Mastercard Installments” for US, Australian, and UK markets, offering consumers a 0% interest, pay-in-four-instalments model that’s similar to the rest of the BNPL players in the industry. They’re an option at many of the nation’s biggest retailers, and consumers love them.
Or they may unintentionally sell it to criminal gangs, which then rack up thousands of pounds of fraudulent creditcarddebt. Newer financial services providers are even more challenged, as well as telcos new to payment processing and retail finance. Both of these crimes are first-party fraud. See all Posts.
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