Partnership models between merchant level salespeople (MLSs) and their customers are changing. At a time when most business owners can easily set up payment processing, merchants are seeking partners with tools and resources that can help them compete with large retail chains. Payments analysts have observed that processing is a small component of trending products and services. The Green Sheet asked leaders from various payments industry … [Read more...]
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Partners: payments industry’s DNA – Part 1
Every handshake between a merchant level salesperson (MLS) and a customer reflects a heritage of payments industry partnerships. Card brands and issuers, acquirers and merchants, technology companies and third-party service providers collectively form a complex network of partners driving today's fast, secure electronic transactions. The Green Sheet asked leaders from various industry sectors how they choose partners and create profitable, … [Read more...]
Collaborations Reduce Chargebacks, Study Finds
A Javelin Strategy & Research study, underwritten by Verifi and published in May 2018, cites communication gaps as a leading cause of disputes and chargebacks. The 36-page report, titled The Chargeback Triangle, examines chargeback costs and impacts while demonstrating how to prevent chargebacks by resolving open issues. In 2017, chargeback volumes reached $31 billion, including $19 billion in merchant losses and $12 billion in issuer … [Read more...]
Verifi Named “Best Chargeback Management Program” at Card Not Present (CNP) Expo – Sixth Year in a Row
Verifi’s Ongoing Commitment to Innovation in Payments Protection Recognized with One of the Industry’s Highest Honors Los Angeles (May 31, 2018) – Today, Verifi announced that for the sixth consecutive year they have been awarded “Best Chargeback Management Program” at the 2018 Card Not Present Expo, held this year in Orlando, Florida. Verifi was one of many nominees from around the globe evaluated in this year’s competition. This award … [Read more...]
Verifi Chargeback Management Assistance
Giving cardholders the right to dispute a payment and receive reimbursement for goods and services because they were not ordered, or not what they were professed to be, helped Visa and Mastercard develop and protect their brand equity when introduced in the early days of the bank card industry. However, the dispute and chargeback process creates expensive operational problems for merchants and issuers. Some studies put the number of illegitimate … [Read more...]
Verifi Issues Eye-Opening Report Illustrating the Damaging Effects of Chargebacks
$31 Billion Chargeback Problem Facing Consumers, Merchants & Issuing Banks LOS ANGELES, CA – May 14, 2018 – Today, Verifi issued a new report that highlights the urgent need for collaboration between merchants, issuing banks and consumers. This in-depth analysis brings to focus the alarming scope and lasting effects that disputes and chargebacks present throughout the card payments ecosystem. Verifi commissioned the report with Javelin … [Read more...]
Verifi Appoints Gabe McGloin to Head of International Merchant Sales & Business Development
Key Hire in Company’s International Expansion Will Expand Product Reach for Company’s Award-Winning Dispute & Chargeback Prevention Services LOS ANGELES, CA (May 8, 2018) – Verifi, the leading provider of payment and risk management solutions for card-not-present (CNP) merchants, has appointed Gabe McGloin as Head of International Merchant Sales and Business Development. Gabe joins Verifi at a time as the company expands internationally … [Read more...]
Verifi Adds Value to Channel Partners Through New Authorized Reseller Program
Key Investment in Reseller Channel to Support Partners and Drive Growth LOS ANGELES, CA – April 18, 2018 – Verifi, Inc., a leading provider of payment and risk management solutions for POS and card-not-present merchants, today announced the launch of its Authorized Reseller Program. Through the program, Verifi will expand its investment in its channel partner network to support and accelerate their growth and global merchant adoption of … [Read more...]
Verifi CEO Matthew Katz Honored at Hope Street’s Circle of Hope Champions for Children Luncheon
Verifi’s Twelve-Year Commitment Toward Public Service Is Celebrated Los Angeles (March 6, 2018) – Verifi, Inc. (“Verifi”), the leading provider of payment and risk management solutions for card-not-present merchants, is proud to announce that Hope Street Family Center recently recognized Verifi Chairman and CEO, Matthew Katz for his long-term philanthropic leadership. The Hope Street Family Center is a community program of the California … [Read more...]
How Merchants Can Use Technology to Protect Their Holiday Sales
With Black Friday and Cyber Monday just around the corner, this is the most crucial period of the year for merchants. But how can they ensure that all those purchases stay bought? By Matthew Katz, CEO of Verifi The holiday season is almost upon us, and for merchants everywhere it’s time to make hay, as the bulk of their yearly sales will be conducted during this period. Trends show more than ever before that customers are choosing to make … [Read more...]
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