SOURCE: Verifi, Inc.

Verifi, Inc.

February 11, 2016 09:00 ET

Verifi Named # 1 Chargeback Prevention Service

TopCreditCardProcessors.com Awards Verifi's Cardholder Dispute Resolution Network (CDRN) Top Honors

LOS ANGELES, CA--(Marketwired - Feb 11, 2016) - Verifi, Inc., the leading provider of payment and risk management solutions for card-not-present merchants, today announced the company has been named the #1 chargeback prevention service by TopCreditCardProcessors.com for January 2016. This is the second time Verifi's Cardholder Dispute Resolution Network (CDRN) has topped this list of "Top 10 Chargeback Prevention Services."

The ranking is determined by a panel of 380 reviewers and customers who test all chargeback prevention services to determine the best solution, evaluating each on five criteria -- automation, accuracy, support, reporting and training.

"We are very proud that our solution is not only recognized by reviewers, but valued by our clients," said Matthew Katz, founder and CEO of Verifi. "We have worked very hard to ensure that, in this increasing automated world with a growing number of dangers, merchants are provided with real-time, up-to-date information and the most advanced protections to remain in good standing with customers, banks and credit card companies."

Processing hundreds of thousands of cases monthly, Verifi's CDRN's award-winning chargeback prevention solution gives both merchants and Issuers unmatched protection through near real-time collaboration for both fraud and non-fraud chargeback disputes. CDRN's patented and proprietary "closed loop" process integrates directly with top card Issuers and redirects disputes from the Issuer to the merchant before they become chargebacks, so they can be resolved directly with the consumer. This proprietary integration provides timely dissemination of disputes and avoids paying for false protection that doesn't represent true chargeback disputes and results in lost profits due to over refunding.

About Verifi:
Verifi, an award-winning provider of end-to-end payment protection and management solutions, was founded in 2005 to help merchants effectively manage the payments challenges they face every day. Verifi helps merchants safely process payments, combat fraud, prevent and resolve costly chargebacks, as well as increase billings and keep loyal customers. Our best-in-breed solutions and white glove support are trusted by a wide range of industries from emerging companies to the Fortune 500. Headquartered in Los Angeles, California, we process more than $20 billion transactions annually and currently serve more than 8,900 accounts globally. For more information, visit: www.verifi.com.

About topcreditcardprocessors.com:
topcreditcardprocessors.com is a well-known independent authority on credit card processors. The main goal of topcreditcardprocessors.com is to uncover and proclaim those individuals or services providing the top payment processing solutions all over the world. A specialized team of researchers examine thousands of applicants each month who are seeking to be ranked as a top payment processing product or service by the independent authority.

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