Industry News

What is the EMV Liability Shift and What Does it Mean for Merchants?

If you’re a merchant that has been accepting credit cards for a while, you’ve probably heard about the EMV liability shift and wondered how and if it affected you. If you’re fairly new to accepting credit card payments for your business, you may not even know it was a thing that caused a lot of issues for some people.

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Merchants Prepare for Holiday Shopping and to Fight Consumer Fraud

Ecommerce experts are expecting a rise in consumer fraud, even as — or perhaps because — global ecommerce will increase by 27% this year. Ecommerce has already grown by 21% in September 2020 compared to September 2019. Additionally, as a Forbes article by PayPal reported, Black Friday and Cyber Monday (BFCM) shoppers spent $16.8 billion online last year.

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Pre-Dispute Resolution Solutions from Verifi

One way for companies to reduce chargebacks is to prevent them from ever happening in the first place. Another way is just to fight every dispute that comes your way, regardless of size and amount. That’s because chargebacks count against your dispute ratio, and if you get enough of them, you’ll be placed in your card networks’ monitoring services which means you pay a higher percentage of all your transactions.

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