By: Verifi Length: 9 pages Type: White Paper Resolve disputes before they become chargebacks to lower costs and boost your bottom line Chargebacks may not literally cost an arm and a leg, but they DO have a crippling effect on Issuers and merchants alike. It’s a $40 BILLION dollar problem lurking behind every transaction. Add to that increased pressure from market forces and regulatory agencies, and the trickle down impact of increased costs hits everyone – including consumers. Everyone wins when Merchants and Issuers play as a team Keeping up with emerging technologies and increasingly strict regulations and standards takes its toll on merchants and Issuers striving to maintain compliance and protect payments against fraud. Disputes that turn into chargebacks increase operational costs for both Issuers and merchants, which can ultimately lead to higher fees to merchants and prices on the consumers’ end. Merchant-Issuer collaboration benefits everyone Data sharing between the two facilitates quick, seamless dispute resolution – allowing merchants to resolve the issue directly with cardholders and protecting Issuers from increased operational costs and poor customer reviews. Download our latest white paper: “Why “Everyone Wins” when Issuers and Merchants Collaborate” to see how working together to resolve disputes has positive impacts that trickle down to every part of the payments ecosystem. Brought To You By: |
Thank you for downloading this report. You may also find the report below of interest. |