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How Statement Details Can Stop Chargebacks; Eye on Reopening; 59% Shopping More Online
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More Transaction Detail on Statements Could Prevent Many Chargebacks, Report Says
With chargeback costs poised to grow an estimated 52% by 2023 for U.S. payment card issuers alone, issuers as well as merchants and merchant acquirers have every incentive to reduce those costs. And one way they could do it is by providing more transaction detail on consumers’ online credit card …
Read More »Toast Secures $400 Million; The Latest Checkout Buster; Chargebacks911’s Tips on BOPUS Fraud
Chargebacks911’s Tips on BOPUS Fraud and other Digital Transactions News briefs from 2/17/20
Chargebacks911 released a set of tips for retailers about managing buy-online, pickup-in store fraud.VersaPay Corp., a provider of electronic invoice presentment and payment, said its shareholders overwhelmingly approved acquisition of all outstanding common shares by 1233518 B.C. Ltd., an affiliate of private-equity firm Great Hill Partners. Shareholders will receive $2.70 Canadian …
Read More »Stopping Mounting Chargebacks; Flip Taps CPI Contactless Tech; Mastercard Completes Transfast Deal
Can New Tech And New Rules Finally Stop the Plague of Mounting Chargebacks?
Visa Inc. and Mastercard Inc. may be making significant progress in their bid to simplify and speed their aged and cumbersome chargeback processes through automation, rules changes, and some key acquisitions, experts contend. The biggest gains in chargeback efficiency are expected to come when Visa and Mastercard launch real-time communications …
Read More »Visa Agrees to Buy Verifi As Payments Players Wrestle With Rising Chargebacks
Visa Inc. on Friday announced it will buy Verifi Inc., a 14-year-old, Los Angeles-based provider of tools that allow merchants, acquirers, and issuers to resolve chargebacks. Visa, which did not announce terms for the deal, said it will integrate Verifi’s technology with risk-management capabilities from CyberSource and CardinalCommerce, companies the …
Read More »Most Merchants—78%—Experience Fewer Chargebacks Under New Visa Rules, Says One Survey
Almost a year after Visa Inc. altered the chargeback-resolution process, merchants are reaping some of the benefit. A survey of 500 Chargeback Gurus merchants found that 78% have fewer chargebacks under the Visa Claims Resolution program. “The first goal was to streamline the dispute process,” Suresh Dakshina, Chargeback Gurus president, …
Read More »PIN-on-Glass Testing To Start; UnionPay’s M-Payments Ambitions; Defending Against Chargebacks
Anti-Fraud Specialist Ethoca Rolls out a Tripartite Defense Against E-Commerce Chargebacks
The rising problem of e-commerce fraud and related issues like false declines is prompting anti-fraud software companies to roll out solutions. On Thursday, Ethoca Inc. launched a new service with three lines of defense that the Toronto-based company says can potentially eliminate 90% of e-commerce chargebacks. Ethoca’s Integrated Solution Suite includes …
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