Tagged: verifi

June 21, 2024 @ 2:34 pm By Omar Faridi  |  

Verifi notes in a blog post that Visa post-purchase dispute volumes went up more than 7% in 2023 alone. As mentioned in the update from Verifi, the combination of “lost sales, dispute fees, operational costs, relating to disputes, can cause merchants to lose unnecessary revenue.”… Read More

December 27, 2022 @ 1:17 pm By Omar Faridi  |  

According to a survey, removing disputes from the payments ecosystem has “become the number one concern for sellers, with a tertiary concern of first-party-misuse1.” As noted in an update from Verifi, the question is – how do you stop disputes and still do right by… Read More

July 25, 2022 @ 9:47 pm By Omar Faridi  |  

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

May 3, 2022 @ 8:35 am By Omar Faridi  |  

As the COVID-19 pandemic winds on into its third year, waves of new virus variants continue to “wreak havoc with supply chains,” according to an update from Verifi. Firms responsible for taking goods through each step on the journey “from manufacturing to customers’ doorsteps find… Read More

February 23, 2022 @ 6:13 pm By Omar Faridi  |  

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

December 19, 2021 @ 2:44 pm By Omar Faridi  |  

Verifi, a Visa solution, is reportedly making strides to ease merchant pain points while driving operational efficiency with the international expansion of their “first to market” Rapid Dispute Resolution (RDR) solution. As an innovative market participant specializing in merchant dispute prevention and resolution, Verifi first… Read More

July 21, 2021 @ 2:17 am By Omar Faridi  |  

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

February 27, 2021 @ 5:01 pm By Omar Faridi  |  

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

January 22, 2021 @ 8:52 pm By Omar Faridi  |  

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

December 29, 2020 @ 8:13 am By Omar Faridi  |  

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

June 28, 2019 @ 4:59 pm By Samantha Hurst  |  

Visa (NYSE: V) announced on Friday it has signed a definitive agreement to acquire Verifi, a technology solutions company that reduce chargebacks. Visa reported it will integrate Verifi’s enhanced chargeback tools with Visa’s risk management services, including those delivered by CardinalCommerce and CyberSource. “Buyers, sellers,… Read More