(PRWEB) September 20, 2013
Communication is the key to maintaining a secure channel between card issuers and merchants. Chargeback Alerts provides an instant communication that lets all parties resolve payment issues outside of the traditional authorization stream. Before any chargebacks are issued, a warning from the issuer is routed through Chargeback Alerts to the merchant, who can then refund that transaction immediately and avoid the issuing of the chargeback and the related cost. It is an elegant solution that protects consumers and merchants alike.
Avoid chargeback fees and costs
Avoid acquiring bank penalties
Prevent delivery of goods and services for fraudulent chargeback transactions
Comply fully with MasterCard and Visa rules
Thousands of times a day, card issuers and merchants identify fraudulent and/or suspicious transactions that have gone undetected by the other party, resulting in fraud losses and chargeback costs to both. Fraud Blaster closes the information gap between the card issuers and merchants, making this valuable information securely available in real-time.
Fraud Blaster Alerts is the first service rolled out leveraging Fraud Blaster’s global network of card issuers and online merchants. Fraud Blaster’s direct-from-source card issuer data is used by merchants to stop the fulfillment of goods and services tied to fraudulent accounts on orders they are actively processing. Fraud Blaster Alerts significantly reduces the time it takes for merchants to be alerted of confirmed fraud from the current three to six weeks, to minutes, hours or days.
If you have a high risk business and are having problems with chargebacks, look no further than Fraudblaster, they have the best solution in the marketplace.