Verifi, a provider of risk management solutions for card-not-present merchants, has partnered with back office payment automation solutions provider Data Support Systems (DSS) to enhance dispute resolution capabilities.
Under the partnership, Verifi will integrate its Cardholder Dispute Resolution Network (CDRN) for card issuers with the DSS TRIPS Dispute resolution platform. The integration will address fraud and non-fraud related customer disputes across the payments ecosystem.
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Verifi’s CDRN, a Saas based chargeback management program preventing chargebacks and protects payments, offers services for merchants and issuers to resolve the disputes without stopping chargebacks.
While TRIPS Dispute solution minimizes manual processes associated with data entry, tracking regulatory mandates, customer service interaction, risk review, card network interaction and resolution.
DSS CEO and founder Carl Bortol Jr said: "For decades, DSS has been the dominant provider of Back Office Automation solutions to the financial industry and in large part our dominance is due to partnering with the right companies and solutions that make our joint offering functionally beyond reproach and financially compelling."
Verifi CEO Matthew Katz said: "This partnership enables DSS to offer award-winning cardholder dispute resolution services to their formidable client base.
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By GlobalData"As chargebacks continue to increase, they will remain one of our industry’s greatest global challenges. We are excited to partner with DSS as it furthers our joint commitment toward improving the payments ecosystem by providing a more efficient way to resolve costly fraud and non-fraud chargebacks."
