Chargeback prevention technology provider Verifi this week announced a major expansion of the network of banks and merchants the company leverages to identify and resolve chargebacks. Heading into the holiday season for retailers, Los Angeles-based Verifi said its Cardholder Dispute Resolution Network (CDRN) now covers 21 percent more credit cards and 50 percent more debit cards than it did at this time last year. Verifi also announced an initiative guaranteeing that if a dispute goes through the CDRN process and is successfully resolved but is still filed as a chargeback, it will refund chargeback fees to the merchant.
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Verifi, an award-winning provider of end-to-end payment protection and management solutions, was founded in 2005 to help our clients 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 andkeep 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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