DisputeHelp’s Post

🔐 Merchant Identity Verification: The Key to Safe Digital Payments! 💳 As the payment sector continues to grow and evolve, ensuring the legitimacy of merchants is crucial to protect consumers from fraud and scams. Verifying merchant identities helps build trust in the digital payment ecosystem. 💡 Learn how to stay secure: https://lnkd.in/ddDXUv8d #IDMERIT #KYC #AML #KYT #KYB #SecurePayments #DigitalPayments #Ecommerce #FraudPrevention #PaymentSecurity

🔒 Protect Your Business from Chargeback Risks! Dealing with chargebacks can be a major headache for online merchants, impacting your revenue and reputation. But with the right strategies, you can reduce risks and keep your business running smoothly. In our latest blog post, we break down the Visa and Mastercard chargeback process, the common causes, and how you can mitigate risks and prevent losses. Discover how QubePay offers advanced fraud prevention tools and expert support to help you manage chargebacks with ease. Whether you're a small business or a global enterprise, safeguarding your revenue is critical. Learn more about how to protect your business today! 👉 Read the full blog post on https://buff.ly/3ATKqkQ #Chargebacks #Visa #Mastercard #FraudPrevention #OnlinePayments #Ecommerce #MerchantAccount #BusinessProtection #SecureTransactions #RiskMitigation #PaymentProcessing #QubePay #CustomerDisputes #Refunds

Explore our Reason Code of the Week: F29! 📢 Click here: https://hubs.li/Q02GF7nj0. F29 is an important reason code used by American Express for "Card Not Present" disputes. It typically arises when a cardholder disputes a transaction conducted without the physical presence of the card, such as in eCommerce or over-the-phone transactions. Understanding F29 is crucial for merchants as it helps in effectively managing and preventing chargebacks related to unauthorized transactions and fraud. #ReasonCodeOfTheWeek | #F29 | #CardNotPresent

Chargeback management is often an afterthought, but it shouldn't be. 70% of chargebacks occur due to friendly fraud. But what exactly is friendly fraud? And how can businesses protect themselves? Join us in uncovering the secrets of chargeback fraud and its impact on merchants! 🔓✨ #ChargebackFraud #FriendlyFraud #MerchantProtection #BusinessSecurity #PaymentProcessing #Fintech #PaymentOptimization #BillingPlatform #SubscriptionManagement #RecurringBillingSoftware #CustomerChurn #Subscription #SubscriptionNews #Ecommerce #SubscriptionCommerce

🆘 Despite the myriad of fraud solutions available today, financial institutions lost +$400bn in 2023 to digital and non-digital payments fraud according to Mastercard in a recent whitepaper (linked in comments). This is in addition to +$100bn lost by merchants to first-party fraud in 2023 alone. Why is this happening? The commerce and payments ecosystem currently addresses fraud in siloes, creating visibility gaps that fraudsters exploit. 🎯 Bridging these gaps and reducing fraud losses requires data sharing across the payments ecosystem — from consumers, to merchants and issuing banks. 💡 Data sharing is not only an obvious solution to this problem, it is necessary. We wrote about this in our Trudenty blog. (Also linked in comments) Have a read. And please reach out if you have thoughts about this. #FraudPrevention #DataSharing #EcommerceSecurity #Payments #FinancialTechnology #payments #onlinepayments #firstpartyfraud #merchants

Don't let fraudsters spoil your holiday! When you set up custom alerts on your NexTier Visa® Debit Card account transactions, you get near real-time transaction notifications to help you identify possible fraudulent activity! To Enroll and Learn More, visit https://ow.ly/aLuT50TMMO7. #MoreThanJustaBank #KeepingYouSafe #Holiday #FraudPrevention

Justt, the chargeback mitigation company, has announced the opening of its European headquarters in the heart of Camden Market, London. The new base has been established in response to strong customer growth across the UK and EMEA as first-party/ friendly fraud-hit businesses look to Justt’s industry-leading chargeback mitigation services. The spike in regional demand mirrors alarming trends highlighted in Justt’s recent consumer survey, which found that over 75% of UK respondents reported filing a credit card dispute over the past year. Even more troubling, the proportion engaging in serial chargeback activities skyrocketed eightfold to 28%. As chargeback volumes continue to climb, UK and European merchants are seeking Justt’s expertise to safeguard revenues. Another major challenge for regional merchants is the growing issue of “friendly fraud,” where illegitimate chargeback claims are made by cardholders. This problem is accelerating despite the implementation of 3D Secure 2.0 (3DS2), an authentication protocol that aims to reduce fraud and enhance security for electronic payments, as part of the PSD2 SCA regulations across the European Economic Area (EEA) and the United Kingdom. Source: https://lnkd.in/e4kRXqDS Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #paymen #payments #fintechindustry #fintechinnovation #financialtechnology #financialservices #fintechnews

We've just released the Global Payments Report: Regulation, Authentication, Security ➡️ https://bit.ly/48ahEIX Across 40 pages, it features: 🔹 3D Secure performance rates for 37 countries and by card scheme 🔹 analysis of SCA regulations around the globe 🔹 #authentication motivators and expectations 🔹 trends in 3DS and payment fraud 🔹 merchants' opinions and concerns 🔹 advice for merchants and PSPs from CEO at Ravelin Martin Sweeney 🔹 Internal Ravelin Technology transaction data + original research findings Download it here: https://bit.ly/48ahEIX #newresearch #report #guide #ecommerce #payments #onlinepayments #3DSecure #3DS #cardpayments #CNP #fraud #paymentfraud #credicard #cardschemes #merchants #fintech #paymentech #PSP #orchestrators #survey #data #research

How many Lemons can I fit in my mouth? 🍋 😮 I don't know 🤷♂️ and you will not find that out if you read Ravelin Technology's latest Global Payment Report. But here are 5 things you definitely will learn: 1. Friction-Free is the New Standard: Over half of European transactions are now frictionless, proving that customers love smooth checkouts. 2. Invest in Fraud-Fighting Tech: Advanced fraud detection tech—machine learning, network analytics—can save on losses and keep trust high. 3. Regional Differences Matter: Conversion concerns are sky-high in Germany and Spain, which means tailored fraud strategies are a must. 4. SCA Hits Conversions: Security is up, but SCA’s hurting conversions. Balance is key. 5. Alternative Payments Surge: Digital wallets, BNPL, and crypto are in. Cards are out. If you're open mind to learn more you can download the full report below ⬇ Or message me and we can set up a quick chat. P.S. I promise no lemons on call 🍋

NEW POST!! Tap-to-pay cards and the growing tension between convenience and fraud https://bit.ly/49LmLAk ----------------- Contactless credit and debit cards have been the next step in the electronic payments landscape, moving us from swiping and PINs. However, with the uptick in card fraud as tap-to-pay cards are becoming more mainstream in the Caribbean region, it seems we may have to take a step backwards to manage the risk. #contactlesspayments #cardfraud #caribbean #CreditCard #debitcard #ecommerce