The Challenge: Avoid Chargebacks, Stop CNP Fraud
Where do we start? There's no love lost when it comes to chargebacks. Not only are fraud disputes costly and painful for all parties in the payments ecosystem, they make for a miserable experience for customers and cardholders who must endure a confusing and stressful claims process. And it's not just about cost: chargeback fraud comes at the direct expense of acceptance and revenue, too. For merchants, that means lower sales and increased customer friction. For card issuers, card not present fraud can mean that more good customers get turned away due to the high cost of recovering fraud losses.
Chargeback Alerts: How Ethoca Stops Chargebacks
How to stop chargebacks: If you want to avoid chargebacks – whether from genuine fraud, friendly fraud or customer disputes – it's actually a piece of cake. Well, assuming you're participating in a global network that allows card issuers and merchants to collaborate and share intelligence in real time. (Hint: that's Ethoca.) Card issuer or merchant, we help you avoid the chargeback process altogether with crargeback prevention. We've built a set of rails for rich data exchange between merchants and card issuers that's, in a word, revolutionary. It's shockingly simple to take part and amazingly effective, too.
With our Consumer Clarity product, we put extensive merchant data into the hands of card issuers, so chargebacks can be deflected before a claim is ever created. If needed, we then layer in our Ethoca Alerts product, which relies on confirmed fraud and customer dispute intelligence from our extensive network of card issuers. We send millions of these chargeback alerts to merchants every year, so they can provide an immediate refund to customers – avoiding the need for our card issuers to ever raise a chargeback. Quid Pro Quo – everyone is happy, except the fraudster (and we like it that way!).
Products to Help Merchants Avoid Chargebacks
Stop chargebacks and recover revenue lost to 'friendly fraud' and customer disputes.
Reduce CNP fraud and chargebacks through merchant-issuer collaboration.
Products to Help Issuers Stop Chargeback Fraud
Put a stop to the poor cardholder experience that comes from false claims and disputes.
Improve CNP fraud and dispute recovery through collaboration.
Case Study: Merchant Avoids Chargeback Losses with Ethoca Alerts
Friendly or otherwise, when CNP fraud rises and chargebacks pile up, costs skyrocket and the customer experience deteriorates. Digital goods merchants also lose the high-margin revenue they depend on. So, it's no surprise that a leading digital goods platform contacted Ethoca looking for help. The use of their service was at an all-time high, but so were chargeback pain and revenue loss. They needed a way to cut fraud costs and stop chargebacks. Thankfully, we had the solution: avoid chargebacks and maximize good sales, bolster fraud screening to identify future fraud (and prevent spikes), and reduce bottom-line damage from friendly fraud. Read the full story by clicking on the link below, or learn more about how Ethoca is stopping chargebacks!
WHAT IS A COLLABORATION NETWORK?
Still confused about how our fraud prevention network works?
AWARD WINNING SOLUTIONS
Not to brag, but Ethoca Alerts is the most decorated fraud and chargeback solution in the industry.
QUESTIONS ABOUT ETHOCA?
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