Verifi, Inc., a leading provider of payment and risk management solutions for card-not-present (CNP) merchants, today announced that they have partnered with Missouri-based Nodaway Valley Bank to combat fraud and mitigate chargebacks for its base of customers.
Nodaway Valley Bank will look to Verifi to implement their end-to-end payment protection and management solutions. Verifi's suite of services enables issuing banks to work directly with merchants to access critical dispute data and settle the matter before a dispute becomes an expensive chargeback.
"Chargebacks continue to be a huge challenge to our entire industry," said Matthew Katz, CEO of Verifi. "Our partnership with Nodaway Valley Bank expands our network coverage in the mid-size bankcard market, consistent with our strategy to provide the broadest support and protection to merchants and issuers of all sizes. We are pleased to be working with such an historic institution to provide greater value to their merchant and consumer customers."
Based in Missouri, Nodaway Valley Bank has provided their regional clientele with the latest banking services for almost 150 years.
"We chose Verifi based on their leadership within the industry, and their ability to expertly address our chargeback challenges," said Jim Davis, Chief Financial Officer of Nodaway Valley Bank. "Verifi's proven solutions enable us to reduce operating costs, streamline our review process, and enhance both merchant and cardholder satisfaction."
Contributed | what does this mean?