Nethone has partnered with Verifi to deliver a solution with significant benefits to merchants that meet the Visa CE3.0 requirements. Over the last 10 years, Visa has continued to build strong data infrastructure to ensure safer, smarter solutions for merchants both before the transaction to prevent fraud and in the post purchase environment for next generation dispute management. Merchants can effectively prevent illegitimate payment disputes, so their fraud and dispute ratios remain unaffected. In addition, by eliminating billing confusion on the consumer's end, transparency is strengthened, fostering a positive merchant-consumer relationship.
Deflecting disputes under Visa CE3.0 criteria involves a multi-step process that requires transaction-related data sharing between the issuer, merchant, chargeback management provider, and Visa. Nethone’s profiling solution captures crucial data attributes to ensure the requirements are in line with Visa CE3.0 rules. We also handle the entire process on the merchants’ behalf, facilitating the journey towards dispute deflection.