By Tony Wootton Credit card companies are moving beyond network management to gain visibility across the payment networks and possibly offer merchants more bang for their buck with increased fraud prevention tools and more comprehensive intelligence on fraudsters. The recent acquisitions by American Express (of Accertify) and Visa (of CyberSource) demonstrate that credit card companies are getting very serious about the need to gain transaction … [Read more...]
Blog | Industry Insights
4 Ways to Outsmart Fraudsters This Holiday Season
By Connie Spencer-Adams The 2010 holiday shopping season could be the most costly ever for internet retailers. According to industry data, web fraud, including the use of stolen credit cards to make purchases, is costing retailers over $3 billion every year. Reversing the trend is difficult, as criminals are clever and quickly find new ways around retailer fraud prevention tactics. So what can retailers do this holiday season to protect … [Read more...]
Verifi Decouples Chargeback Service From Proprietary Gateway
By Kevin Woodward Merchants using Verifi Inc.’s chargeback representment service no longer have to use the Los Angeles-based company’s online payment gateway. Read More … [Read more...]
Verifi Service to Recover Chargebacks
By Andrew Johnson Electronic payments company Verifi Inc. has developed a service it says can help merchants that conduct card-not-present transactions recover up to 75% of chargebacks. Read More … [Read more...]
Alleviate Payment Management Fraud
Editor Erin Harris interviews Jeff Sawitke, chief product officer at Verifi, about alleviating fraud and risk related to payment management. Sawitke tackles some of the next-generation ways card-not-present retailers can reduce risk to their business. Read More … [Read more...]
Filtering False Customers Online
By David F. Carr Most of us have been trained to beware of being approached online by a Nigerian asking for help with a currency exchange. But for the Forex Financial Club, that could be a perfectly legitimate customer, since Forex actively seeks overseas clients. Like everyone else, though, Forex must guard against signing up false customers. The challenge is to pierce the Internet's veil of anonymity, inserting validation checks in the … [Read more...]
Friend and Foe? Combating E-Commerce ‘Friendly Fraud’
By Tricia Philips Many merchants feel that friendly fraud is impossible to detect or prevent. The fact is, there are ways to reduce friendly fraud -- and committing to reduce friendly fraud gives you the added benefit of reduced refund rates. Assessing business operations for weak customer service processes, obtaining in-depth market analyses, and adopting a payer authentication program all can help to reduce instances of friendly … [Read more...]
Electronic Payment Fraud, Security and Risk Mitigation
By: Anthony M. Freed I recently had the opportunity to discuss online payment security with Jeff Sawitke, Chief Product Officer at Verifi. Verifi is a leading provider of global electronic payment and risk management solutions for card-not-present merchants, with a highly customizable payment and real-time reporting platform that serves as a foundation for Verifi's suite of fraud solutions and risk management strategies. Read More … [Read more...]
Nilson Report, April 2010 – Verifi ads Threatmetrix
The Nilson Report, Pg 3 VERIFI, a provider of payment risk management systems for cardnot-present merchants, has added ThreatMetrix fraud detection capabilities to its processing platform. ThreatMetrix offers forensic risk assessment software and a global shared fraud knowledge database. Alisdair Faulkner is Chief Products Officer at ThreatMetrix, (650) 625-1451, [email protected] Jeff Sawitke is VP, Product Management at Verifi, (323) … [Read more...]
Sharing the Pain of PCI DSS Compliance
By Michael Vizard No matter whether you think the Payment Card Industry Data Security Standard (PCI DSS) is a positive or a negative, the one thing that everybody can agree on is that it's expensive. Between securing all the credit card information and hiring the specialist to make sure your website complies with the standard, hundreds of thousands of dollars can quickly evaporate. Like all things related to security, there's no hard return on … [Read more...]
