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Chargeback Gurus Releases Enterprise Chargeback Management Guide

Retrieved on:

Monday, May 24, 2021

In addition, novel forms of fraud continue to proliferate, resulting in unexpected spikes in dispute and chargeback activity.

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In addition, novel forms of fraud continue to proliferate, resulting in unexpected spikes in dispute and chargeback activity.
"Merchants of all sizes can find it difficult to put staff and resources toward effective chargeback management, but dealing with it at enterprise scale carries its own set of challenges," said Suresh Dakshina, President of Chargeback Gurus.
To better equip enterprise-scale retailers with the knowledge they need to make informed choices about how to manage chargebacks, Enterprise Chargeback Management covers the current global economic impact of fraud and chargebacks, data on recent trends in the sourcing of chargebacks, the various challenges faced by enterprise merchants in dealing with chargebacks, the pros and cons of the major chargeback management solutions, and tips on measuring and optimizing the efficacy of those solutions.
Chargeback Gurus has been leading the fight against online fraud and chargebacks for more than fifteen years.

Spark Networks SE Reports First Quarter 2021 Financial Results

Retrieved on:

Monday, May 17, 2021

Finance, Money, Economy, Profit, Fundamental analysis, Amortization, Loans, Real estate, Earnings before interest, taxes, depreciation and amortization, Depreciation, Credit card, Chargeback

b"1Contribution is defined as revenue, net of refunds and credit card chargebacks, less direct marketing.

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b"1Contribution is defined as revenue, net of refunds and credit card chargebacks, less direct marketing.
This includes: depreciation and amortization, share-based compensation, asset impairments, gains or losses on foreign currency transactions and net interest expense, acquisition related costs and other costs.
The exclusion of these charges and costs in future periods will have a significant impact on our Adjusted EBITDA.
Average paying subscribers for each month are calculated as the sum of the paying subscribers at the beginning and the end of the month, divided by two.

Kount, An Equifax Company, Announces New Dispute and Chargeback Management Solution, Integrating Major Card Brand Offerings in One Dashboard

Retrieved on:

Thursday, May 6, 2021

Merchant services, Chargeback, Money, Finance, Economy, Internet fraud prevention, Chargeback fraud

The Kount Dispute and Chargeback Management solution prevents chargebacks and revenue losses in a single, easy-to-use solution and dashboard.

Key Points:

The Kount Dispute and Chargeback Management solution prevents chargebacks and revenue losses in a single, easy-to-use solution and dashboard.
By utilizing data from issuing banks, the Dispute and Chargeback Management Solution can help consumers recognize transactions or receive a refund without further pursuing a costly chargeback.
The solution comes at a key time, as the pandemic-fueled acceleration of digital interactions spurred consumers to engage with more, new-to-them e-commerce merchants.
Combined with Kount\'s AI and Identity Trust Global Network, businesses have unprecedented access to true end-to-end chargeback prevention.

Kount, An Equifax Company, Announces Partnership with Ethoca for Dispute Management

Retrieved on:

Thursday, May 6, 2021

Merchant services, Chargeback, Money, Finance, Financial services, Internet fraud prevention

Ethoca Alerts and Consumer Clarity are being delivered as part of the Kount Dispute and Chargeback Management Solution, a comprehensive, post-authorization solution that integrates best-in-class fraud and customer dispute alert systems with in-depth transaction details and industry-leading AI-driven fraud prevention.

Key Points:

Ethoca Alerts and Consumer Clarity are being delivered as part of the Kount Dispute and Chargeback Management Solution, a comprehensive, post-authorization solution that integrates best-in-class fraud and customer dispute alert systems with in-depth transaction details and industry-leading AI-driven fraud prevention.
Ethoca Alerts enables merchants to identify and resolve customer disputes via near real-time communication with the customer\'s issuing bank instead of weeks later via the typical chargeback process.
"In Kount we have a partner who shares this vision and we\'re excited to introduce this new solution.
"\n"We believe that the Kount integration and partnership with Ethoca for both Alerts and Consumer Clarity further elevates the chargeback management process for businesses.

Nuvei to Acquire Simplex, a Payment Solution Provider to the Cryptocurrency Industry

Retrieved on:

Thursday, May 6, 2021

Merchant services, Articles, Economy, Money, Chargeback, Payment, Bank

Through its proprietary fraud and risk management tools, Simplex provides a zero-chargeback guarantee to its customers, resulting in higher conversion rates.

Key Points:

Through its proprietary fraud and risk management tools, Simplex provides a zero-chargeback guarantee to its customers, resulting in higher conversion rates.
"\nWe are Nuvei (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands.
Uniting payment technology and consulting, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates.
Simplex Banking offers the Simplex fraudless payment processing, with global payment accessibility.

BitPay Adds Dai Stablecoin and Wrapped Bitcoin (WBTC) as Payment Option for Merchant Processing and Cross-Border Transactions

Retrieved on:

Thursday, May 6, 2021

Dai is the only decentralized dollar-pegged token and WBTC is the first ERC20 token backed one to one with Bitcoin.

Key Points:

Dai is the only decentralized dollar-pegged token and WBTC is the first ERC20 token backed one to one with Bitcoin.
Support for Dai and WBTC also opens up new payment and settlement options for BitPay merchants and businesses.
As a pioneer in blockchain payment processing, the company\xe2\x80\x99s mission is to transform how businesses and people send, receive, and store money.
Its business solutions eliminate fraud chargebacks, reduce the cost of payment processing, and enable borderless payments in cryptocurrency, among other services.

Riskified and IATA Announce New Strategic Partnership

Retrieved on:

Thursday, May 6, 2021

Internet security, Riskified, Merchant services, Industry economics), International Air Transport Association, Airline, Chargeback, Economic taxonomy, Human activities

b'NEW YORK, May 6, 2021 /PRNewswire/ -- Riskified , the leading fraud prevention solution providertoday announced a strategic partnership with the International Air Transport Association (IATA).

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b'NEW YORK, May 6, 2021 /PRNewswire/ -- Riskified , the leading fraud prevention solution providertoday announced a strategic partnership with the International Air Transport Association (IATA).
With this partnership, IATA will integrate and offer Riskified\'s Chargeback Guarantee to IATA member airlines that use the IATA Financial Gateway (IFG).
With Riskified\'s AI-based platform and merchant network underlying its decisions, airlines using Riskified, see dramatically increased ticket approvals.
IATA supports many areas of aviation activity and helps formulate industry policy on critical aviation issues.

Riskified and IATA Announce New Strategic Partnership

Retrieved on:

Thursday, May 6, 2021

Internet security, Riskified, Merchant services, International Air Transport Association, Industry economics), Airline, Chargeback, Economic taxonomy, Human activities

b'Riskified to integrate to IATA\'s Financial Gateway to help airlines boost revenues, reduce cost and prevent fraud\nNEW YORK, May 6, 2021 /PRNewswire/ -- Riskified , the leading fraud prevention solution providertoday announced a strategic partnership with the International Air Transport Association (IATA).

Key Points:

b'Riskified to integrate to IATA\'s Financial Gateway to help airlines boost revenues, reduce cost and prevent fraud\nNEW YORK, May 6, 2021 /PRNewswire/ -- Riskified , the leading fraud prevention solution providertoday announced a strategic partnership with the International Air Transport Association (IATA).
With this partnership, IATA will integrate and offer Riskified\'s Chargeback Guarantee to IATA member airlines that use the IATA Financial Gateway (IFG).
With Riskified\'s AI-based platform and merchant network underlying its decisions, airlines using Riskified, see dramatically increased ticket approvals.
IATA supports many areas of aviation activity and helps formulate industry policy on critical aviation issues.

Chargebacks911 and Fi911 appoints Senior VP of Brand Strategy

Retrieved on:

Wednesday, May 5, 2021

Professional services, Data management, Technology, Other Professional Services, Finance, Software, Chargeback

He has also helped several companies to become recognized as industry leaders in their verticals, as backed by Forrester\xe2\x80\x99s Wave reports and Gartner in its Magic Quadrant reports.\nOn his new role, Matt commented: \xe2\x80\x9cI\xe2\x80\x99m delighted to be joining Chargebacks911 at such a pivotal time for the business \xe2\x80\x93 having recently launched the Fi911 brand, and due to the boom in payment disputes and friendly fraud caused by COVID-19.\n\xe2\x80\x9cBoth brands are doing revolutionary things for the payments network, innovating in a space that is often overlooked.

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He has also helped several companies to become recognized as industry leaders in their verticals, as backed by Forrester\xe2\x80\x99s Wave reports and Gartner in its Magic Quadrant reports.\nOn his new role, Matt commented: \xe2\x80\x9cI\xe2\x80\x99m delighted to be joining Chargebacks911 at such a pivotal time for the business \xe2\x80\x93 having recently launched the Fi911 brand, and due to the boom in payment disputes and friendly fraud caused by COVID-19.\n\xe2\x80\x9cBoth brands are doing revolutionary things for the payments network, innovating in a space that is often overlooked.
Through a clear and synergized branding strategy, we can further communicate the benefits that future-proofed chargeback management solutions provide.\xe2\x80\x9d\nMonica Eaton-Cardone, COO and Co-Founder of Chargebacks911 and Fi911, added: \xe2\x80\x9cWe\xe2\x80\x99re so pleased to welcome Matt to the team.
He is an experienced marketeer with an impressive history in the fintech space.\n\xe2\x80\x9cEven before the COVID-19 pandemic struck, chargebacks were costing merchants over $100bn a year \xe2\x80\x93 some industries have now seen their rates grow by 20-30%, placing a huge strain on their bottom line.
Now, more than ever, awareness is needed around effective chargeback management.\n\xe2\x80\x9cThis is exactly why a strategist of Matt\xe2\x80\x99s calibre and the investment in our brand is imperative; to empower our journey as we work to reduce the drain that chargebacks cause on time, energy and profits.\xe2\x80\x9d\nTo find out more about how Chargebacks911 and Fi911 help merchants and financial institutions mitigate and manage chargebacks, visit chargebacks911.com and fi911.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210505005063/en/\n'

PayJunction Launches Online Chargeback Management System

Retrieved on:

Tuesday, April 27, 2021

Merchant services, Chargeback, Economy

b'SANTA BARBARA, Calif., April 27, 2021 /PRNewswire-PRWeb/ -- PayJunction , a leading developer of payment processing technology, announced the launch of an integrated and comprehensive chargeback management system .

Key Points:

b'SANTA BARBARA, Calif., April 27, 2021 /PRNewswire-PRWeb/ -- PayJunction , a leading developer of payment processing technology, announced the launch of an integrated and comprehensive chargeback management system .
This new digital system offers massive improvements in the chargeback notification and response process that has plagued the payments industry for years.\nThis important enhancement allows PayJunction merchants to be notified via email when a chargeback is issued and connect to an online chargeback management system where they can easily access information to better manage responses across their organization.\nChargebacks can be the result of fraud, processing errors, or customer disputes.
said customer, Sylvia Edney, office manager of Rusty\'s Pizza Parlors.\nIn addition to the official chargeback letters merchants receive via mail or fax, PayJunction will now send email notifications for each chargeback received.
PayJunction\'s cloud-based gateway and processing platform consolidates credit, debit and check transactions made in person, online, over the phone and on the go.