Why Should Merchants Care About Faster Payments?
Here, leaders from the Federal Reserve Bank of Chicago, The Clearing House, and Retail Payments Global Consulting Group (RPGC) look at what faster payments are, what the U.S. Federal Reserve's role is, and how the U.S. Faster Payments Council is shaping innovation in this space. The Clearing House then discusses what the Real-Time Payments (RTP) service is and its capabilities. The slides conclude with a glance at other faster payments products currently available and high-level overviews of how they work, including flows for refunds and online transactions.
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With 1 in 6 online purchases returned, merchants saw $212B in returns, of which, 10.7%, or $22.8B, were fraudulent*.
Online returns have enabled fraudsters to exploit policy loopholes and illegitimate returns are now a complicated issue merchants are facing taking on various forms, such as manipulating a shipping label, returning a different item than originally purchased or claiming the item was never received.
Accertify's C.A.R.E. - Claims, Adjustments, Returns and Exchanges - is a purpose-built solution that detects fraudulent patterns in shopper behavior.
Join this webinar to hear all about the launch of C.A.R.E. and how merchants can monitor, measure and act to prevent future abuse.
Learning Objectives:
- Introducing C.A.R.E. – Claims, Adjustments, Returns and Exchanges – a purpose-built solution by Accertify that detects fraudulent patterns in shopper behavior.
- Hear all about C.A.R.E. and how merchants can:
- Monitor, measure and act to prevent future abuse.
- Use aggregated data to gain insight into a purchase and transaction.
- Implement policies and controls to identify fraudulent returns.
- Benefit from Accertify’s community data to help solve this growing problem.
*Customer Returns in the Retail Industry 2022 PDF.