Chargeback

iNymbus Hosting Session at #RVCF2019 on Retailer and Shipper Deductions and Chargebacks

Retrieved on: 
Wednesday, October 23, 2019
Articles, Business, Economy, Merchant services, Chargeback, Outsourcing

The iNymbus session will benefit Distributor, Manufacturer, and Wholesaler A/R, Credit, Supply Chain and Finance Executives whose departments' are being drained by incessant retailer chargebacks, deductions and shipping carrier returns processing.

Key Points: 
  • The iNymbus session will benefit Distributor, Manufacturer, and Wholesaler A/R, Credit, Supply Chain and Finance Executives whose departments' are being drained by incessant retailer chargebacks, deductions and shipping carrier returns processing.
  • The panel session will address:
    Why hiring temps, offshore outsourcing, and your company's big RPA project won't solve your deduction and chargeback problems.
  • iNymbus DeductionsXchange resolves and disputes deductions and chargebacks automatically, while increasing speed and efficiency by 30X.
  • Not only are processing costs reduced dramatically via elimination of manual labor, sales are increased by enabling companies to take back revenue from previously invalid and undisputed chargebacks and deductions.

Fed's Fast Payment Proposal Overlooks Higher Fraud Issues

Retrieved on: 
Monday, October 21, 2019
Chargeback, Cardone

Monica Eaton-Cardone, an entrepreneur and global IT exec specializing in risk management and post-transaction fraud remediation, opposes a faster payment system if implemented without a clear mechanism in place to handle disputes and chargebacks.

Key Points: 
  • Monica Eaton-Cardone, an entrepreneur and global IT exec specializing in risk management and post-transaction fraud remediation, opposes a faster payment system if implemented without a clear mechanism in place to handle disputes and chargebacks.
  • This mirrors the findings of the Federal Reserve Board's request for comments on the FedNow proposal, in which over 90 percent of respondents supported the Fed's operating a round-the-clock, real-time payment and settlement service [1].
  • Eaton-Cardone explains that innovation is a good thing, but it can't come at the expense of more uncertainty about online fraud.
  • "Once we have a universally applicable process for managing fraud and disputes, we can start talking seriously about instantaneous payments."

Consumers Claim 67% of Chargebacks Could Have Been Avoided

Retrieved on: 
Tuesday, October 15, 2019
Other Consumer, Other Retail, Consumer, Retail, Specialty, Merchant services, Chargeback, Internet fraud prevention

Thousands of U.S. consumers gave honest feedback about why they dispute purchases and what businesses can do to prevent chargebacks from happening.

Key Points: 
  • Thousands of U.S. consumers gave honest feedback about why they dispute purchases and what businesses can do to prevent chargebacks from happening.
  • Contrary to what was commonly believed, consumers do reach out to businesses when they have concerns.
  • They said the money had been refunded and it would take five to 10 business days to receive it.
  • Moreover, several consumers who went directly to the bank for a chargeback shouldnt be faulted for their actions.

Chargeback University is Back in Three New Cities This Fall

Retrieved on: 
Monday, September 30, 2019
Professional services, Education, Finance, Consulting, University, Merchant services, Economy, Money, Finance, Chargeback

Rules for managing, disputing and resolving chargebacks are constantly changing, making them complicated and confusing for most merchants.

Key Points: 
  • Rules for managing, disputing and resolving chargebacks are constantly changing, making them complicated and confusing for most merchants.
  • Monica Eaton-Cardone, COO and founder of Chargebacks911, commented, We saw such a positive response to our initial Chargeback University workshops, that we added three additional dates.
  • New York City, San Francisco and Chicago are the next locations for the Chargeback Universities this November.
  • Founded in 2011, Chargebacks911 is the first global company fully dedicated to mitigating chargeback risk and eliminating chargeback fraud.

360 Degree Chargeback Protection for Ecommerce and Card-Not-Present Merchants

Retrieved on: 
Thursday, September 12, 2019
Merchant services, Money, Economy, Finance, Chargeback, Internet fraud prevention, Credit card fraud

Thousands of merchants rely on Chargeback Gurus and Sift independently to reduce the impact of fraud on their bottom line.

Key Points: 
  • Thousands of merchants rely on Chargeback Gurus and Sift independently to reduce the impact of fraud on their bottom line.
  • Both companies monitor millions of ecommerce transactions each year and can say definitively, fraud is on the rise.
  • On average, 10-15% of chargebacks occur due to True Fraud (Sift), 60-85% of chargebacks occur due to Friendly Fraud (Chargeback Gurus) and the remainder are various types of merchant error (both).
  • This partnership provides businesses the integrated solution they need to minimize both True Fraud and Friendly Fraud chargebacks.

Visa Completes Acquisition of Verifi

Retrieved on: 
Thursday, September 12, 2019
Software, Networks, Finance, Banking, Technology, Professional services, Money, Economy, Finance, Credit cards, Online payments, E-commerce, Verifi, Chargeback, Visa Inc., Travel visa, Visa Inc., Verifi

Visa (NYSE: V) today announced it has completed the acquisition of Verifi, a leader in technology solutions that reduce chargebacks.

Key Points: 
  • Visa (NYSE: V) today announced it has completed the acquisition of Verifi, a leader in technology solutions that reduce chargebacks.
  • The acquisition of Verifi strengthens Visas role of facilitating trust and transparency across the buying experience by extending its dispute resolution capabilities to support a broad range of payments brands and partners across the ecosystem.
  • Verifi serves more than 25,000 accounts around the world and will continue to serve and support its customers and partners across the industry.
  • As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce.

Pinpoint Payments Inc. Named Inc. Magazine Top 5,000 for Second Year

Retrieved on: 
Thursday, September 5, 2019
E-commerce, Economy, Merchant services, Money, Finance, Chargeback, E-commerce payment system, Payment systems, Credit cards, Digital currencies, Verifi

"We also have a deep understanding of how to protect companies from fraud and chargebacks while helping them expand their business."

Key Points: 
  • "We also have a deep understanding of how to protect companies from fraud and chargebacks while helping them expand their business."
  • Pinpoint Payments specializes in helping merchants in the subscription services, affiliate marketing, and other e-commerce businesses.
  • Pinpoint Payments uses proprietary software that enables clients to reduce online payment risks, process payments more securely, and increase profitability.
  • With extensive expertise in fraud prevention and chargeback management solutions, Pinpoint Payments provides hundreds of integrations and automated processes to fight and prevent chargebacks and recoup lost revenue.

Fewer Americans Are Paying Their Credit Card Balances in Full - Especially Women, According to CompareCards Report

Retrieved on: 
Thursday, August 22, 2019
Economy, Money, Finance, Payment systems, Debt, Card holder, Chargeback, Credit cards, Credit card balance transfer

"We're starting to see signs that the nation's $1 trillion credit card debt is finally taking a toll on cardholders' confidence.

Key Points: 
  • "We're starting to see signs that the nation's $1 trillion credit card debt is finally taking a toll on cardholders' confidence.
  • "With fewer people paying their statement balances in full and cardholder confidence dipping to yearly lows, this is clearly something that bears watching."
  • Women are three times as likely as men to say they're 'not at all' confident in paying their card statement balance in full this month.
  • CompareCards provides easy-to-use, objective tools and educational resources that help people do everything from making credit card comparisons to managing their credit health.

Allied Wallet Africa Announces Integration with J2Store

Retrieved on: 
Saturday, August 10, 2019
Finance, Banking, Technology, Professional services, Online Retail, Retail, E-commerce, Economy, Money, Chargeback, Wallet, Online shopping, Digital wallet, Zain Cash

Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, is pleased to announce a new integration with J2Store , a powerful, mobile-friendly Joomla shopping cart and e-commerce solution.

Key Points: 
  • Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, is pleased to announce a new integration with J2Store , a powerful, mobile-friendly Joomla shopping cart and e-commerce solution.
  • With security measures beyond industry standards, Allied Wallet Africa protects online transactions for merchants and their customers, while reducing chargebacks and fraudulent transactions.
  • The integration between Allied Wallet Africa and J2Store enables merchants to get their online store up and running with no setup fee in as little as 12 hours.
  • Allied Wallet Africa is excited to offer new opportunities to merchants with this new e-commerce shopping cart integration.

3dcart partners with ClearSale to deliver comprehensive eCommerce fraud protection for customers

Retrieved on: 
Thursday, August 8, 2019
Crime, E-commerce, Chargeback, ClearSale, Fraud, Articles, Human behavior

MIAMI, Aug. 8, 2019 /PRNewswire/ -- International fraud protection leader ClearSale announced today that it inked a partnership with leading eCommerce platform 3dcart.

Key Points: 
  • MIAMI, Aug. 8, 2019 /PRNewswire/ -- International fraud protection leader ClearSale announced today that it inked a partnership with leading eCommerce platform 3dcart.
  • This featured partnership offers 3dcart customers advanced card-not-present fraud protection that combines machine learning with human expertise to deliver the industry's highest order approvals and lowest rates of false positives.
  • Customers using ClearSale will also receive guaranteed protection from costly fraud-related chargebacks.
  • Using ClearSale's comprehensive fraud protection solution, 3dcart customers can sell without fear of e-commerce fraud and enjoy more order approvals, fewer false positives and no fraud-related chargebacks.