The increase in technology, though beneficial for society, has also resulted in an increased awareness of fraud prevention, and various methods to reduce chargebacks. For those who are not aware, fraud is becoming an increasing concern in today’s society where more and more people are finding that their bank accounts and personal information such as social security numbers can be easily accessed by anyone because of the technology available in today’s society. For instance, many people can access their bank accounts and electronically perform many banking functions such as depositing checks, transferring and moving money and even opening new bank accounts. With all information being held accessible online, computer hackers and such have little to no problem finding the minimal information they need to empty a bank account. Chargebacks for those who do not know, is a process where funds are returned to a consumer by a bank or other financial institution. Reducing them is the process of minimizing the reversals of funds that are being moved between bank accounts, or funds that are being transferred from a credit card.