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"We founded the company with one basic premise - to help our clients protect their payments and boost their profits."
—Matthew Katz, CEO and Founder
Prevent and resolve costly chargebacks, increase your billings, build brand loyalty, and process your payments end-to-end with secure and easy-to-use technology.
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Trusted by emerging companies to the Fortune 500, Verifi works with a wide range of industries, including top omni-channel and e-commerce merchants to maximize payment yield across the entire transaction lifecycle.
Online fraud occurs for a variety of reasons, including true fraud, friendly fraud and ramifications from industry impacts like EMV and data breaches. All e-commerce merchants are at risk to experience online fraud and should have the proper fraud prevention and security measures in place.
In recent years, card-not-present (CNP) fraud has been on the rise. According to Aite Group, CNP fraud is expected to grow rapidly over the next few years with experts predicting that losses will surpass $7.2 billion in the next four years alone. The U.S. is especially at risk after the EMV migration, as illustrated by spiking CNP fraud rates from countries who have already implemented the technology abroad. Although the U.S.only accounts for about 21 percent of global payment volume, it bears the brunt of almost half the losses due to fraud.*
Online fraud occurs mainly in the following forms:
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