Internet Software and Services
Company Overview of Verifi, Inc.
Verifi, Inc. provides a Software-as-a-Service platform that provides global electronic payment and risk management solutions for card-not-present (CNP) merchants. It offers a global payment gateway that provides real-time and batch, credit card, ACH, and eCheck payment processing for CNP merchants; and fraud and risk management solutions, including rules engine, intelligence suite, payer authentication, merchant cooperative transaction database, transaction filters and controls, and velocity controls. The company’s global payment gateway that provides various networks support, transaction routing, payment vault tokenization, hosted payment page, billing management, multi-currency, and enterp...
8391 Beverly Boulevard
Los Angeles, CA 90048
Founded in 2005
Key Executives for Verifi, Inc.
Vice President of Finance and Accounting
Chief Operating Officer and General Counsel
Chief Marketing and Strategy Officer and Senior Vice President
Chief Revenue Officer and Senior Vice President
Compensation as of Fiscal Year 2014.
Verifi, Inc. Key Developments
Verifi, Inc. Announces Expansion of Premier Chargeback Revenue Recovery Service
May 19 14
Verifi, Inc. recently expanded the capabilities of the Premier Chargeback Revenue Recovery Service, giving merchants more tools to recover funds lost to chargebacks. Verifi currently processes more than $11 billion in sales transactions and more than 1 million chargebacks each year. To help merchants, Verifi recently expanded the capabilities available in its Premier Chargeback Revenue Recovery Service. A new Fast-Trak integration is now available that dramatically reduces IT involvement giving merchants the ability to start recovering revenue quickly without tying up scarce IT resources. The service works directly with processors (and via direct bank integrations) to help merchants quickly recover funds lost to chargebacks. Additionally, the service is now omni-channel and covers both Card Not Present and Card-Present transactions across all major payment brands and now even PayPal. The Premier Chargeback Revenue Recovery Service includes in-depth analytics and reporting features that can also help identify operational problems and improve fraud and chargeback prevention measures.
Verifi and Lean Industries Announce Formation of Partnership
Apr 2 14
Verifi, Inc. and Lean Industries announced the formation of a partnership that expands the opportunities for card issuers to improve the automation and resolution success rates of cardholder disputes. As part of this partnership, Lean Industries will develop an automated interface that will access the Verifi Cardholder Dispute Resolution Network® (CDRN®) for card issuers from within their AdjustmentHub application. To increase the level of automation and speed of resolution for disputed payments, AdjustmentHub will obtain qualifying merchant information from Verifi and automatically submit disputed payment records to the CDRN service from issuers using both solutions. Merchant responses to these resolution requests submitted through CDRN back to the issuer will automatically update dispute case information in AdjustmentHub and prompt users to proceed with each case accordingly. Combined, the two companies currently serve many large card issuers. AdjustmentHub from Lean Industries is used to manage tens of thousands of disputes each month across its issuing customer base. Verifi enables thousands of CNP merchants to successfully resolve disputed transactions before they are processed as chargebacks by card issuers. These merchants include most of the Internet Retail 500 as well as hundreds of specialty CNP merchants in telecom, cable, SaaS, DRTV and other markets.
Verifi, Inc. and ReD Announce the Formation of Strategic Alliance
Mar 12 14
Verifi, Inc. and ReD (Retail Decisions) announced the formation of a strategic alliance that dramatically expands the current product portfolio for both companies. The companies have also agreed to jointly develop new products and solutions to benefit CNP (card-not-present) merchants. To broaden coverage and promote cross-industry collaboration, Verifi will contribute its authorized Cardholder Dispute Resolution Network (CDRN), chargeback and transaction data to the ReD Fraud Xchange service. Both parties will continue to seek further partnerships with as many data sources as possible that are valuable in identifying and preventing fraud. As part of the alliance, Verifi's CDRN and Chargeback Representment services will be offered with ReD's portfolio of fraud prevention tools and services. In turn, Verifi will offer ReDShield, a real-time fraud prevention platform that provides instant decisions (accept/challenge/deny) on e-commerce and m-commerce transactions. Verifi will also offer the ReDi business intelligence portal to help card-not-present merchants better understand fraud trends.
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