Verifi Is Finalist in International Payments Awards Competition
(Thomson Reuters ONE) -
International Award Nomination Heralds Verifi as Payments Solution Leader in
International Market
LONDON, Sept. 28, 2017 (GLOBE NEWSWIRE) -- Verifi, Inc., the leading provider
of payment and risk management solutions for card-not-present merchants, today
announced that they have been shortlisted for the Anti-fraud or Security
Solution of the Year at the prestigious Payments Awards.
Verifi's chargeback mitigation platform, Cardholder Dispute Resolution
Network (CDRN), has been recognised within the North American market as the Best
Chargeback Management Solution for the last five consecutive years by the Card
Not Present Expo. In addition, it has been cited as Best Chargeback Prevention
Service by TopCreditCardProcessors.com. With Verifi's recent expansion into
international markets, recognition by the Payments Awards not only adds to their
numerous accolades but further asserts their position as globally acknowledged
experts in payment protection and risk mitigation solutions.
Organised by FStech and sister title Retail Systems, the Payments Awards
recognise excellence and innovation in the payments sector. Now in their fifth
year, the awards are a benchmark in the card and payment sector, distinguishing
those individuals, companies and organisations who have launched and implemented
the most outstanding payments solutions, initiatives and projects during the
past year. This year's winners will be announced at the Payments Awards Gala
Dinner and Ceremony on 16 November 2017, at the London Marriott Hotel in
Grosvenor Square. The event was attended by more than three hundred guests in
2016, and 2017 is set to be more spectacular than ever.
Verifi's CDRN prevents hundreds of thousands of chargeback cases every month,
providing real protection from costly fees, fines or penalties, and cardholder
dissatisfaction which affect merchants and issuing banks alike. With year-over-
year growth since its launch in 2007, Verifi's unique and patented CDRN "closed
loop" process directly integrates with top issuers, providing unmatched service,
quality, and accuracy for merchants in collaboration with issuers to resolve
disputed payments, and dramatically minimise fraud and non-fraud related
chargebacks and cardholder dissatisfaction. Verifi's CDRN covers approximately
50% of the US market and has resolved 90% of fraud and non-fraud related
disputes before they turn into costly chargebacks for merchants and issuers
alike.
As part of its ongoing innovation, Verifi recently rolled out Order Insight, a
revolutionary new chargeback and fraud mitigation service that enables the
sharing of robust transaction details--such as merchant's name and contact
information, date of purchase, name of device used in the order process, and
item or service descriptions (size, colour, style)--between cardholders,
merchants and issuers when a dispute arises. By provisioning this data directly
into the issuing bank's online or mobile applications, a questionable charge can
usually be resolved directly with the customer. This avoids a phone call to the
issuer, saving the sale as well as wasted time, resources, and costs for all
parties that would be incurred through the representment process. If the
customer does contact their bank, call centre representatives can access the
enhanced order details to address the customer's concerns, help validate the
sale, and provide prompt resolution and a better customer experience.
Additionally, by providing the right information to the right parties at the
right time, Order Insight enables cardholders to better recall or understand
their purchases and avoid filing false cases of fraud or efforts to manipulate
the system by denying legitimate charges to their statement.
In response to the Company's rapid expansion and demand for services, Verifi
recently extended their award-winning chargeback solutions to the UK, Australia
and New Zealand, with plans for further expansion to other markets including
France and Germany later this year and numerous key markets on 2018.
Verifi provides a full and unmatched suite of end-to-end chargeback mitigation
services that are designed to protect merchants and issuing banks alike from the
expense and burdens of unwarranted fraud and non-fraud related card disputes and
chargebacks.
About Verifi
Verifi is an award-winning provider of end-to-end payment protection and
management solutions, founded in 2005 to help merchants effectively manage the
payments challenges they face every day. Verifi's Cardholder Dispute Resolution
Network supports merchants by preventing hundreds of thousands of fraud and non-
fraud chargebacks each month. Verifi's full suite of services helps merchants
combat fraud,prevent and resolve costly chargebacks, as well as facilitate
sharing of transaction details. Our best-in-breed solutions and white glove
support are trusted by a wide range of industries, from emerging companies to
large enterprises. With our EMEA headquarters in London, England, we currently
serve more than 25,000 accounts globally for all our products and services. For
more information, visit: uk.verifi.com.
About the Payments Awards
The Payments Awards continue to be a celebration of card and payments excellence
and innovation in the UK. The awards are free to enter and open to any
organisation with a UK based office. Find out more and get the latest updates by
following the awards on Twitter where the winners will be announced live the
night of the event. (at)PaymentsAwards #PaymentsAwards
Contact: Kevin Mercuri
kevin(at)propheta.com
212-901-6914
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verifi, Inc. via GlobeNewswire
Datum: 28.09.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 561777
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