{"description":"Notes on risk, deception, and incentives — from first-party fraud to AI-enabled deception and the machinery of online trust. No cookies, no trackers, no analytics.","feeds":{"llms_txt":"https://firstpartyfraud.com/llms.txt","rss":"https://firstpartyfraud.com/feed.xml","sitemap":"https://firstpartyfraud.com/sitemap.xml"},"notes":[{"date":"2026-09-13","json":"https://firstpartyfraud.com/friendly-fraud-is-a-pricing-problem.json","summary":"Dispute channels have prices. When the bank's channel is cheaper than the merchant's, customers — including honest ones — route through the bank. First-party fraud as incentive-design failure.","title":"Friendly fraud is a pricing problem","url":"https://firstpartyfraud.com/friendly-fraud-is-a-pricing-problem.html"}],"site":"First-Party Fraud","url":"https://firstpartyfraud.com/"}