Tagged: chargebacks

Forter Introduces Smart Claims to Address Chargeback Fraud, Increase “Win Rates”

Forter, the Trust Platform for digital commerce, announced the launch of Smart Claims, a new product offering designed “to help businesses manage chargebacks more effectively.” By connecting order and claims data across different payment systems into a single, consolidated view, Smart Claims “enables merchants to… Read More

Mastercard’s Ethoca Partners with ChargebackZero to Reduce Chargebacks

ChargebackZero is partnering with Ethoca, a Mastercard company, “to help merchants minimize chargebacks, lower consumer transaction confusion, and share details of confirmed fraud and dispute information.” As part of the integration, the firm would help “prevent chargebacks using an alert mechanism.” These Chargeback alerts are… Read More

Worldpay from FIS Extends Partnership with Chargebacks911

Financial technology provider Worldpay from FIS is extending its partnership with dispute technology provider, Chargebacks911, by launching “an enhanced range of Disputes Deflector products.” These products will “provide merchants with a broader range of solutions to help reduce chargebacks, lower costs and combat fraud.” Chargebacks… Read More

Equifax Reveals Plan to Acquire Midigator

Equifax (NYSE: EFX) is expanding its global footprint in digital identity and fraud prevention with “a definitive agreement to acquire Midigator LLC, a provider of post-transaction fraud mitigation solutions.” With the rise of global ecommerce sales, “expected to hit $5.5 trillion in 2022, transaction disputes… Read More

“Friendly” Fraud Is on the Rise, Visa’s Compelling Evidence 3.0 to Assist Merchants with Issues

According to Visa (NYSE: V) internal reporting, friendly fraud can “account for up to 75% of all chargebacks.” Mike Lemberger, Senior Vice President of North America Risk at Visa, said: “Friendly fraud is not always friendly, especially from a merchant’s perspective,” The Fair Credit Billing… Read More

Survey Reveals that “Friendly” Fraud Reached “Crisis Levels” for US, UK Retailers

Credit card chargebacks are reaching “crisis levels” for retailers on both sides of the Atlantic, according to a survey of U.S. and U.K. consumers published by Justt, the chargeback mitigation pioneer. Two-thirds of U.S. shoppers and 44% of British shoppers “have filed chargebacks in the… Read More

Chargebacks911 Enriched Data Facilitates Boost to Dispute Responses

Chargebacks911, the dispute tech specialist that powers chargeback remediation for the “largest” global e-commerce businesses, as well as the world’s financial institutions, celebrates “a 3x boost to its automated dispute response platform.” The use of data from a consortium of businesses across a number of… Read More

Quick Dispute Resolution Leads to a More Efficient Digital Commerce Ecosystem, Verifi CEO Explains

Within any commerce ecosystem — particularly in digital commerce — chargebacks appear to have become a way of everyday life, according to an update from Verifi. For merchants, chargebacks can be a drain on both time and financial resources. Improved communication between merchants and issuers… Read More

Justt, a Chargeback Mitigation Fintech, Secures $70M to Take On Outdated Chargeback System

Justt, a chargeback mitigation pioneer, has announced that it has secured $70 million in funding as it further expands its mission to assist merchants with combating false chargebacks with smart tech. As mentioned in the announcement, the funding was raised across three tranches, “including a… Read More

Dispute Tech Specialist Chargebacks911 Appoints Brad Dillahunty as EVP

Dispute tech specialist, Chargebacks911, reveals that it has appointed technology management professional, Brad Dillahunty, as EVP and Chief Product Officer at Chargebacks911 and sister brand Fi911. Brad will be responsible for driving the firms’ international product development and strengthen operational structures “at a time of… Read More

Verifi, a Visa Solution, Explains Differences between First-Party and Friendly Fraud when Disputing Valid Transactions

Los Angeles based Verifi, a company that claims it has been leading the dispute management and payment protection sector for sellers and issuers since 2005, notes that by now, sellers may have realized that the consumer trend “away from in-store shopping and toward e-commerce is… Read More

Verifi Reveals that Nearly $31 Billion Is Lost Yearly to Transaction Disputes, which May Be Reduced via “Proactive Management”

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Los Angeles based Verifi, a company that claims it has been leading the dispute management and payment protection sector for sellers and issuers since 2005, notes that in October 2019, Visa had acquired Verifi. The Verifi team points out that since the very first day,… Read More

Visa Research Shows Card Not Present or CNP Transactions and Consumer Spending Increased 30% from 2017 to 2020

Los Angeles based Verifi, a company that claims it has been leading the dispute management and payment protection sector for sellers and issuers since 2005, notes that when their platform was first launched, the term “Fintech” was “just gaining traction.” Matt Katz, CEO at Verifi,… Read More

Remote Payments are Expected to Increase Over 66% by 2025, which Means Chargebacks will Surge As Well, Verifi Reveals

Los Angeles based Verifi, a company that claims it has been leading the dispute management and payment protection sector for sellers and issuers since 2005, reveals that remote purchasing has seen “great advances” in automated fraud protection and authentication. Verifi is bringing automated dispute protection… Read More

Victims Of Backer Scam Vent On Kickstarter Forum, Allege Over 150 Campaigns Affected

The same individual backed over 150 projects. We have been in communication with a number of project owners, all of whom have been duped out of money by this scammer. This scam has been going on for months; one project backer lost over $5000, and… Read More

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