LOS ANGELES, CA--(Marketwired - Sep 24, 2014) - Verifi, a leading provider of end-to-end chargeback prevention and recovery services as well as payment and fraud protection solutions for card-not-present (CNP) merchants, achieved a 200% growth milestone for new reseller, agent, and acquirer partner adoption. Verifi also announced a major expansion of their Cardholder Dispute Resolution Network (CDRN).
Verifi's Cardholder Dispute Resolution Network (CDRN) is an award-winning, patented chargeback management program that helps merchants accurately reduce chargebacks via a direct integration with top US card issuers. CDRN's broad issuer network provides chargeback accuracy and allows the merchant to address disputes before they become chargebacks. In the case of true fraud, merchants receive timely and accurate notification so that pending merchandise or services orders can be stopped -- preventing additional losses.
"Trusted advisors are critical when it comes to helping CNP merchants protect payments and boost revenue. Businesses of all sizes struggle with fraud prevention and effective chargeback management. Selling CDRN is a real opportunity for partners serving the merchant payments community and we're proud that we have been able to attract such amazing partners," said Matthew Katz, CEO and founder of Verifi. "We've been fortunate to see our partner network grow by more than 210% over the past twelve months."
The patented CDRN solution is simple to sell, easy-to-use, offers unprecedented chargeback notification accuracy, and reduces chargebacks quickly. Partners are successfully using the product to extend their payment processing offerings as well as opening new revenue streams. CDRN can also be bundled with other Verifi services, enabling partners to further expand their capability around chargeback management as well as services that protect the merchant's entire payment lifecycle. With generous margins, incentive programs, training and sales support, Verifi's program helps partners increase sales while helping their merchant customers protect their payments.
"Market receptivity to CDRN has been strong since it was introduced in 2007. Over the past year we have seen nearly 200% growth in new merchant adoption alone. In advance of the peak holiday selling season, our overall network coverage is increasing by more than 21% and debit card coverage by more than 50%," said Matthew Katz, Verifi's CEO and founder. "This network expansion and innovations in product accuracy help our partners deliver even greater levels of service and help merchants stop chargebacks and losses."
More information about Verifi's partner programs can be found at http://www.verifi.com/referral/ Information about the Cardholder Dispute Resolution Network is available http://www.verifi.com
ABOUT VERIFI
Since 2005, Verifi has helped merchants protect their payments and boost profits. Offering a wide-range of flexible, configurable fraud prevention and chargeback management tools, Verifi makes it easy to prevent and fight payment disputes, protect the entire transaction lifecycle and increase revenue. Verifi is PCI Level 1 certified and headquartered in Los Angeles, California.
For more information about Verifi, please visit the Verifi website at www.verifi.com.
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