Fraud is often hard to identify and resolve, and expensive, especially for large merchants using in-house solutions where fraudulent transaction dispute losses can total as high as 0.51% of revenue. There are more effective systems for dealing with fraud. Examined in the study “Dispute-Prevention Solutions:...
To err is human. To be confused about what’s on one’s credit card statements — mistaking legit transactions for something fishy — well, that’s human, too. Card disputes are on the rise, especially with first-party fraud, wherein consumers may not be trying to get out...
Unhappy — or simply confused — consumers can upend merchants and other enterprises’ top lines when they opt to dispute card transactions. Processing errors can cause revenue hiccups and losses. Those are among the findings of “Dispute-Prevention Solutions: Small Firms Demonstrate the Power of Third-Party...
Ninety-three percent of businesses generating between $20 million to $100 million in annual sales — the smallest category PYMNTS surveyed — use third-party tools to resolve disputed card transactions. PYMNTS’ data shows that third-party tools give these businesses an advantage over larger companies that only...
June 12, 2023
Fraud is often hard to identify and resolve, and expensive, especially for large merchants using in-house solutions where fraudulent transaction dispute losses can total as high as 0.51% of revenue. There are more effective systems for dealing with fraud. Examined in the study “Dispute-Prevention Solutions: The Bottom-Line Benefits Of Third-Party Solutions,” a PYMNTS and Verifi […]
October 07, 2022
To err is human. To be confused about what’s on one’s credit card statements — mistaking legit transactions for something fishy — well, that’s human, too. Card disputes are on...
October 05, 2022
Unhappy — or simply confused — consumers can upend merchants and other enterprises’ top lines when they opt to dispute card transactions. Processing errors can cause revenue hiccups and losses....
September 27, 2022
Ninety-three percent of businesses generating between $20 million to $100 million in annual sales — the smallest category PYMNTS surveyed — use third-party tools to resolve disputed card transactions. PYMNTS’...
October 22, 2021
Visa, in partnership with Verifi, is now enabling issuers in select markets to participate in its Rapid Dispute Resolution (RDR) service within Visa Resolve Online (VROL) to promptly resolve pre-disputes and avoid unnecessary chargebacks. RDR allows sellers to accept financial liability at the pre-dispute stage before a chargeback can be raised, reducing operational requirements and […]
October 01, 2020
Kount, the Boise, Idaho-based Software as a Service (SaaS) platform designed to simplify fraud detection and improve profitability, announced it has partnered with Verifi, the payment protection and management company....
June 28, 2019
As of Monday morning (June 28), Visa has announced it has signed a definitive acquisition agreement with Verifi. The payment tech firm offers a suite of data-enriched solutions to help...
April 20, 2017
Payments and risk management solutions provider Verifi, which specializes in serving CNP merchants, just recently announced the launch of a new platform that aims to improve efficiency and cut down...
