PYMNTS-MonitorEdge-May-2024

Verifi

Small and Large Merchants Alike Lose Significant Revenues to Disputed Payments
Small and Large Merchants Alike Lose Significant Revenues to Disputed Payments
August 22, 2022  |  Payment Methods

We might term disputed card transactions the equal opportunity challenge for merchants large and small. And there’s a disconnect between the thought that using homegrown...

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New Report: Small Merchants Found More Effective Than Enterprise Rivals in Resolving Credit Card Disputes
New Report: Small Merchants Found More Effective Than Enterprise Rivals in Resolving Credit Card Disputes
August 12, 2022  |  Fraud Prevention

Fraudulent transaction disputes are an unwelcome fact of life for all merchants and can represent significant financial and administrative burdens. Our data shows that the...

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76% of Merchants Prefer to Manage Chargeback Disputes With Third-Party Tools
76% of Merchants Prefer to Manage Chargeback Disputes With Third-Party Tools
August 08, 2022  |  Security & Fraud

An unwelcome side effect of the eCommerce and digital payments boom is the burden of chargebacks and disputes, and more merchants and brands are finding...

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Half of Merchants Say Sunk Cost of Dealing With Chargebacks Is Their Worst Problem
Half of Merchants Say Sunk Cost of Dealing With Chargebacks Is Their Worst Problem
July 21, 2022  |  Fraud Prevention

Credit card chargebacks and the resulting revenue loss are major headaches for merchants, according to “Dispute-Prevention Solutions,” a PYMNTS and Verifi collaboration based on a...

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The Data Point: 76% of Merchants Say Third-Party Dispute Resolution Is the Way to Go
The Data Point: 76% of Merchants Say Third-Party Dispute Resolution Is the Way to Go
July 15, 2022  |  Fraud Prevention

With the surge of credit card transactions during the pandemic is the seemingly inescapable cascade of disputes and chargebacks that eat into profits and create...

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300 Merchants Share Best Practices on Resolving Costly Credit Card Disputes
300 Merchants Share Best Practices on Resolving Costly Credit Card Disputes
July 14, 2022  |  Fraud Prevention

Credit card transaction volume during the past two years has presented something of a model of the rest of the economy since the pandemic began...

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An Answer to Friendly Fraud
An Answer to Friendly Fraud
July 11, 2022  |  Opinion

Friendly fraud can account for up to 75% of all transaction disputes, writes Sara Craven, senior VP and CEO of Verifi, in the PYMNTS eBook,...

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Retailers Brace for Friendly Fraud’s New Seasonal Surges
Retailers Brace for Friendly Fraud’s New Seasonal Surges
June 16, 2022  |  Fraud Prevention

To quote that old song: “To everything there is a season.” And payments, there are seasons for disputes.   In an interview with Karen Webster,...

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Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
Spike in Friendly Fraud Triggers Review of Chargeback Mechanisms
June 15, 2022  |  Security & Fraud

First-party misuse — known as “friendly” fraud — can be difficult to detect, and reducing it is a delicate matter of telling true policy abusers...

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