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Verifi Wins CNP Customer Choice Award for Best Chargeback Management Program

Verifi wins Best Chargeback Management Program – Customer Choice, at the Card-Not-Present Expo May 2013. Thank you to all who voted for us and to our outstanding Verifi Team! Read the full story below.

Best Chargeback Management Program – Customer Choice

Verifi, a company that has been focused on limiting and managing chargebacks for merchants since 2005, garnered the most customer votes in the Best Chargeback Management Program category. The company says it leverages processor relationships and direct bank integrations for the data it needs to resolve chargebacks quickly and efficiently.
Verifi points to three factors that differentiate its solution from other available chargeback management systems. The company says its flexible-fee model has been especially popular with customers. Merchants can choose to pay only when a chargeback has been successfully recovered or by the overall volume of chargebacks processed. Additionally, reporting is handled via an intuitive dashboard that gives merchants insight into chargeback patterns and causes. The company says chargebacks can be sorted in the report by an array factors: reason code, AVS, CVV, sales month, BIN, card brand, device, location and more.
Perhaps the most important differentiator is the speed and simplicity with which its solution can be integrated. Verifi notes integrations can be completed in as little as five business days and that its solution integrates directly into CRM or order management systems.
In one case study, a Verifi client that experienced more than 15,000 chargebacks in a single quarter used the company’s solution to challenge nearly 11,000 of them, winning more than 8,400. The company recovered more than $2 million using Verifi’s solution. Clients experiencing results like this are the reason Verifi walks away with this year’s Customer Choice Award in the chargeback management category.
“Verifi never set out to establish its products and services as ‘one size fits all,’” the company says. “We treat and respond to each client’s needs with a tailored response and program in the chargeback representment services space. We take great pride in assisting our merchant clients before, during, and after risk issues arise.”
Article provided by Cardnotpresent.com
About Verifi
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 paymentscombat 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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