Verifi’s Cardholder Dispute Resolution Network (CDRN) Receives Top Honors During Period of Extensive Company Growth & Expansion
LOS ANGELES, CA; June 02, 2016 –Verifi, Inc., the leading provider of payment and risk management solutions for card-not-present merchants, today announced the company has been named the ‘Best Chargeback Management Program – Judges Choice’ at the Card Not Present Expo show.
This is the fourth year in a row that Verifi’s Cardholder Dispute Resolution Network (CDRN) has earned the Best Chargeback Management Program award and it is a record win for Verifi being the only vendor to win four times in a row in this prestigious category. This award accompanies a period of record company growth and global expansion for Verifi.
“We are thrilled with this honor especially at this important time, made possible by our energetic team and our outstanding clients and partners,” said Matthew Katz, founder and CEO of Verifi. “We’ve been busy hiring top talent, expanding our global footprint and continuing to improve and innovate new products that this recognition is not only an incredible honor, but serves to show us that we are on the right track.”
Verifi’s CDRN has enjoyed year-over-year growth since its launch in 2007 and recently announced that client accounts have increased by 113% fueled by a record of performance and demonstrated and continual service enhancements in an e commerce environment of rising fraud and chargeback risks. Along with the significant gains in new client adoption, Verifi also noted that CDRN’s broad based protection also increased with advances of 117% for fraud dispute issuer participation and 50% increase in issuers supporting non-fraud disputes. Verifi’s global expansion included recent appointments of key executives to further develop and execute the company’s international expansion in the UK, EU and EMEA regions.
CDRN’s unique and patented, closed loop process directly integrates with top issuers and provides unmatched service quality and accuracy for merchants and issuers to resolve disputed payments and dramatically minimize chargebacks and cardholder dissatisfaction. Providing merchants visibility into fraud and non-fraud customer disputes in near real time, CDRN’s closed loop process affords the highest level of true chargeback protection while avoiding false positives that result in lost sales, increased manual review time and decreased profits.
Verifi, an award-winning provider of end-to-end payment protection and management solutions, was founded in 2005 to help merchants effectively manage the payments challenges they face every day. Verifi helps merchants safely process payments, combat fraud, prevent and resolve costly chargebacks, as well as increase billings and keep loyal customers. Our best-in-breed solutions and white glove support are trusted by a wide range of industries from emerging companies to the Fortune 500. Headquartered in Los Angeles, California, we process more than $20 billion transactions annually and currently serve more than 12,000 accounts globally. For more information, visit: www.verifi.com.
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