Entries from 2018-03-01 to 1 month
We have many many sources to detect fraud and possible chargebacks. Over years we have partnered with banks, financial institutions and Trusted Data Contributors who update your data across many sources to provide real time data chargeback…
How to Prevent Chargebacks. Chargebacks are something every merchant should be prepared for. Online Fraud detection lead to Fraud Prevention. If your customers raises dispute with their issuing bank the money will be reimbursed to them imm…
Chargeback Alerts When a customer contacts issuing bank to file a chargeback, issuing bank enquires about it and determines whether the complaint is genuine. If it is, then the card network is notified of the dispute. Here, at this point, …
For any online business, outsourcing the chargeback management is a strategic question. To understand the overall health of your business, chargeback must be tracked and understood as a key metric. Increase in chargeback ratio creates a cl…
A chargeback processing company iѕ a company thаt processes chargeback. Chargebacks wеrе designed аѕ a fоrm оf consumer protection. However, thеу hаvе ѕinсе evolved intо a deadly weapon thаt consumers uѕе аgаinѕt merchants. Friendly fraud …
Visa uses Reason Code 57: Fraudulent Multiple Transactions to mark chargeback caused by multiple transactions by a particular merchant on a single Credit Card account within in short period of time. The issuing bank received a claim from t…
More than $5.5 billion in credit card fraud occur every year worldwide. Credit card fraud can occur for various reasons including stolen or fake cards, account takeovers, and information hacks. Stolen cards are generally reported immediate…
Being able to easily request a credit card chargeback, should a customer have a merchant or credit card charge dispute, helps the customer feel more comfortable when using their credit card. While intended to safeguard a cardholder from di…
You have an e-commerce business, right? So you’ve рrоbаblу seen marketing miѕtаkеѕ that dеѕtrоу a рrоduсt’ѕ appeal and ѕеnd returns and chargebacks flying. And, you’ve most likely been on the receiving end of bad customer service. It’s bee…
Visa Chargeback Reason code 41 results from the cancellation of recurring transactions. You should know that many major companies have their owe chargeback reason codes, these help merchants understand why chargeback was implemented. Code …
Also referred to as chargeback fraud, friendly fraud has become a huge problem for online merchants. Billions of dollars are lost every year through credit and debit card fraud. Chargeback fraud is ranked top of the list among these types …
Chargeback is a sad part of reality for the small and local business owner that accepts credit card. It comes with excessive chargeback fees and additional expenses for tracking and investigating the fraud. Fortunately, there are some ways…
In this rapidly transforming world, where businesses are regularly changing their process of dealing with customers. With the development in processes, the businesses now have started accepting the payments through credit cards. Although, …
Chargeback Security Expert and Risk Analyst will assist merchants in creating a formidable chargeback reduction plan that will benefit the merchant’s business in accordance with card brand rules. Chargeback Security Team Members will ident…
It is really important for merchants to review their data, especially when it comes to chargebacks and to keep such risk under control. Compiling and analyzing reports therefore become of utmost importance, as it helps merchants to identif…
When you are running a business, there are going to be some issues and returns to your customers. This should be factored into your revenue forecasting. For most businesses, it’s around .10 to .30 percent of your businesses sales that will…
We stands behind our decisions covering every approval with a 100% chargeback guarantee in case of fraud. In addition to taking on fraud liability, Riskified is the only fraud protection solution that commits to higher approval rates than …
Chargebacks are frequent in business and are related to several causes. According to the reason for the chargebacks, they derive from merchant errors and criminal or friendly fraud. Either way, there are ways for you as a business to effec…
Whеn bеginning or еxраnding your buѕinеѕѕ’ѕ оnlinе sales, one оf thе mоѕt imроrtаnt dесiѕiоnѕ tо mаkе is how уоu will ассерt рауmеntѕ frоm уоur сuѕtоmеrѕ. There аrе diffеrеnt options available tо thе еCоm merchant for payment processing. I…
In today’s digital world, the number of face-to-face debit and credit card transactions has decreased. Card-not-present transactions as becoming the norm, especially for online purchases. According to a study, the number of shoppers in bri…
A chargeback occurs anytime a cardholder (customer) calls the credit card issuer instead of the merchant to dispute a transaction, saying they never received the goods or services, goods and services never supplied to the customer, defecti…