Credit Card Fraud Prevention’s Post

Visa’s new dispute resolution rule – Compelling Evidence 3.0 (CE3.0) – goes into effect in April 2023, and it’s important for merchants to be prepared. While the goal of CE3.0 is to reduce the volume and cost of investigating friendly fraud, it introduces new requirements and challenges for merchants. Read this blog to gain an understanding of CE3.0 requirements, how you can prepare your business to provide required data points as compelling evidence, and how prioritizing prevention over after-the-fact investigation can protect your business from excessive chargebacks in the first place: https://lnkd.in/e5z7HFgd

Visa’s new dispute resolution rule – Compelling Evidence 3.0 (CE3.0) – goes into effect in April 2023, and it’s important for merchants to be prepared. While the goal of CE3.0 is to reduce the volume and cost of investigating friendly fraud, it introduces new requirements and challenges for merchants. Read this blog to gain an understanding of CE3.0 requirements, how you can prepare your business to provide required data points as compelling evidence, and how prioritizing prevention over after-the-fact investigation can protect your business from excessive chargebacks in the first place: https://lnkd.in/gGtiGcQr

It's time for our Reason Code of the Week! 🌟 This week, we're diving into AMEX Reason Code FR2: Fraud Full Recourse Program. What does this mean for merchants? Essentially, it's all about handling and preventing fraud-related chargebacks. In our latest blog post, we break down the specifics of this reason code, explore its implications, and provide actionable strategies to safeguard your business against these disputes. Read more: https://hubs.li/Q02zl6kL0 #ReasonCodeOfTheWeek | #FraudPrevention | #AMEX

Learn how Visa's Fraud Monitoring Program works, its fines for high fraud-to-sales ratios, and strategies for merchants to avoid or exit the program.

Beware of Reason Code A02! 🛑 In our latest article, we delve into the nuances of 'No Valid Authorization' chargebacks, shedding light on the common triggers and potential impact on your bottom line. Explore practical tips and best practices for enhancing authentication processes, implementing robust fraud prevention measures, and navigating the dispute resolution process effectively. Learn more: https://hubs.li/Q02q1gwk0 #ChargebackDefense | #CodeA02 | #BusinessSecurity

Learn how Visa's Fraud Monitoring Program works, its fines for high fraud-to-sales ratios, and strategies for merchants to avoid or exit the program.

Learn how Visa's Fraud Monitoring Program works, its fines for high fraud-to-sales ratios, and strategies for merchants to avoid or exit the program.

Ben Herut from Chargeflow discusses the latest VAMP changes that will be taking place starting April 1, 2025. Make sure you are up to date with everything you need to know! As part of Visa’s ongoing efforts to streamline and enhance its monitoring programs, effective as of March 31, 2025, Visa will retire the Visa Dispute Monitoring Program (VDMP) and the Visa Fraud Monitoring Program (VFMP). From April 1, 2025, these programs will be consolidated into an enhanced Visa Acquirer Monitoring Program (VAMP). This new program will incorporate updated metrics and enforcement measures designed to improve fraud and dispute monitoring, impacting how merchants manage their compliance implications. https://lnkd.in/g6H8izEC #visa #fraud #fraudprevention #ecommerce #fraudprotection

Visa reVAMPs monitoring program —- VFMP and VDMP, the fraud and dispute monitoring programs are being merged and the new program is called VAMP. It releases in April next year. We have been discussing it at the MRC | Merchant Risk Council for the past month…what does it mean? In a nutshell there isn’t enough information out yet to know if it’s a good thing or a bad thing for merchants - the devil will be in the calculation details. That said it promises to not count items that were deflected or refunded, can that technically be done? If it can that’s a positive improvement for everyone. What are your thoughts on this one?? I found a decent write up on it from David DeCorte that is worth a read…https://lnkd.in/g6-ad2tN.

Visa's Compelling Evidence 3.0 is a game changer in first-party/friendly fraud prevention and Nethone is among one of the first providers to offer this service! 🥇 This excellent blog by Patrick Drexler explains how it works and how you can be part of this new service. Let's go! 🚀