Recognized for Payments Innovation of the Year
London UK – September 18th, 2018 – Verifi’s revolutionary Order Insight™ product has been short-listed in the Payments Innovation of the Year category for the Payments Awards.
Organised by FStech and Retail Systems, the Payments Awards celebrate companies, individuals, and organisations that have launched or implemented the most outstanding payments solutions, initiatives, and projects during the past year.
Order Insight is a global collaboration network that has been developed to align the interests of consumers, merchants, and issuers.
Verifi’s solution provides robust transaction details, including the merchant’s contact information, date of purchase, device used in the order process, and the item or service purchased – all directly delivered to the consumers via the issuing bank’s digital channels.
By provisioning transaction data directly into the issuing bank’s online or mobile applications, a questionable charge can usually be resolved directly by the consumer. If the consumer does contact their bank, the front or back office personnel can access the enhanced order details to address the consumer’s concerns, help validate the sale, flag instances of true fraud, and provide a better consumer experience.
Gabe McGloin, VP International Business Development at Verifi said, “Being short-listed in the payments innovation section of these awards in the UK is great recognition for Verifi. Our Order Insight solution provides a much-needed remedy to the entire payments eco-system by reducing the damaging costs of friendly fraud and chargebacks. Seeing our product recognised by the Payments Awards confirms its growing value in global markets.”
The awards ceremony is to be held November 14 at the Marriott Hotel, Grosvenor Square in London.
Founded in 2005, Verifi is an award-winning provider of end-to-end payment protection and risk management solutions. Verifi’s proprietary collaboration platform services, Cardholder Dispute Resolution Network (“CDRN”) and Order Insight, enable the sharing of near real-time data between consumers, merchants, and issuers to resolve disputes, save sales, prevent fraud and stop chargebacks. With an EMEA headquarters in London, England, Verifi serves more than 27,000 merchants globally. Since its founding, Verifi have developed industry-leading solutions that are trusted by a wide range of businesses, from emerging companies to the Fortune 500. For more information, visit: uk.verifi.com.