Coupon fraud could be costing your business millions

Nov. 13, 2017 0 comments Detection & Response fraud

Coupon fraud comes in a variety of flavors. Normally, coupon transactions are simply data changing hands between the consumer, coupon providers and an agent that sorts and audits the coupons. Because there are so many layers, only one needs to be vulnerable to affect the whole supply chain. The Balance noted that shoppers often participate in coupon fraud by making multiple copies of the coupon, using the discount for products that extend beyond those listed in the terms, stealing newspaper inserts and buying or selling coupons. When consumers don't stick to the rules for printing out coupons or abiding by the usage agreements, this is considered illegal activity and leaves businesses covering the cost.