Home News Vindicia and Chargebacks911 collaborate to Thwart Friendly Fraud in Growing Subscription Economy
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Vindicia and Chargebacks911 collaborate to Thwart Friendly Fraud in Growing Subscription Economy

by wrich
300 views

Together, Vindicia and Chargebacks911 look to prevent chargebacks and recover revenue lost to friendly fraud as more online merchants turn to subscription billing models 

Tampa Bay, FL. 20th July, 2021: Chargebacks911, a dispute management specialist, announced today that it has formed a strategic collaboration with Vindicia, part of the Amdocs (NASDAQ: DOX) Media Division and a leader in business-to-consumer digital services monetization. 

The collaboration comes at a time when chargebacks are increasing at an alarming rate. Largely driven by friendly fraud – when a customer files a chargeback instead of trying to first obtain a refund from the merchant – chargebacks have a destructive effect on a business’s ability to grow and retain revenue, and can increase the cost of payment services. 

“When authorized cardholders dispute legitimate charges to their credit cards, it pushes the bank to force a refund back to the customer under the pretense that the merchant made an error,” said Monica Eaton-Cardone, COO and co-founder of Chargebacks911. “This behavior needs to be identified and corrected to prevent merchants suffering illegitimate losses. That’s why a partnership with a leader in subscription commerce monetization solutions like Vindicia is so important to the industry.” 

The cost of this industry’s chargebacks is as much as $250 billion annually by some analysts’ estimations. These costs come in the form of fees and fines, false declines, return fraud, and many other expenditures throughout the entire transaction process – from the issuing bank to payment processors.                                                                  

“Supporting a merchant’s robust subscription base must include a seamless acquisition experience for the subscriber as well as a transparent and easy to follow reconciliation process for merchants to resolve discrepancies,” said Darcy Antonellis, Head of Amdocs Media. “We’re pleased to collaborate with Chargebacks911 as they concentrate on helping merchants retain their revenue via our combined technologies which provide revenue discrepancy resolution.” 

Reports also show that consumers who register a chargeback that goes unchallenged are 50% more likely to file another chargeback within 90 days. So, by helping to identify which disputes to challenge, Chargebacks911 will also help Vindicia’s merchants reduce future claims (and the associated costs). 

Available immediately, chargeback management solutions include Visa Merchant Purchase Inquiry (VMPI), chargeback alerts, and dispute resolution. For more information, you can learn more here or contact a Vindicia representative. 

For more about using chargeback data insights to grow your business with Chargebacks911, go to: chargebacks911.com

You may also like

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy