NOIRE Launches an Innovative and Unique Tool to Combat Chargebacks
London – 20 November 2013 – NOIRE, a leading provider of payment services and technologies, launches an innovative and unique tool to tackle the “do not recognise” type of chargebacks
Chargebacks are an increasing issue for many businesses that operate in certain high risk models. Effective management of chargebacks is key to keeping in business. Many reported chargebacks occur when the card holder simply says that they do not recognise the transaction and reports it to the card issuer, who subsequently turns it into a chargeback. This is very difficult for the merchant to dispute. However, using a brand new feature within the NOIRE fraud risk management technology, evidence that connects the card holder to the transaction can be provided in the dispute process, therefore allowing NOIRE to significantly reduce these types of chargebacks exclusively for NOIRE PAY payment customers.
Until recently, this feature was confined to the NOIRE research labs, but has now been made available as a product feature, which we can integrate into systems for NOIREpay merchants with certain business models that don’t use 3D secure.
The NOIRE fraud risk management and chargeback reduction solution also identifies other fraud activities such as compromised cards and fraud attacks from organised fraud rings, thereby reducing all chargebacks.
About NOIRE: NOIRE is a leading provider of payment services and risk management technologies, enabling businesses to transact online safely, fast and with ease. By allowing companies to move faster, NOIRE increases revenues whilst reducing risk and costs of doing business. Supporting FTSE listed companies as well as small businesses, NOIRE is changing the face of online business. Learn more about NOIRE.
About NOIRE Payment Technology: Fast, simple and safe, we enable organisations to accept and process payments online in multiple currencies with confidence and increase revenues. We assist our merchants in taking their businesses global. Learn more about NOIRE Payments Technology.