What is Visa Merchant Purchase Inquiry Program (VMPI)? Interview with Fraud Expert Scott Adams with FraudPVP.com
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Ruin a Bad Guy's Day Radio interviews fraud expert Scott Adams with FraudPVP. Scott Adams with FraudPVP.com explains the value of Visa's Merchant Purchase Inquiry Program for reducing chargebacks and disputes and how FraudPVP can enhance your program by reducing chargeback management time and saving sales. FraudPVP/VMPI services can help prevent chargebacks before they even happen by improving communication between the parties involved.
VMPI stands for Visa Merchant Purchase Inquiry and is part of the larger Visa Claims Resolution initiative (VCR). Visa created VMPI in an effort to make chargeback disputes simpler and more automated for merchants, issuers, acquirers and processors. Simply put, VMPI can help prevent chargebacks before they even happen by improving communication between the parties involved.
Scott Adams is the founder of FraudPVP. He has more than 20 years of experience in the field of payments as both a merchant and a fraud expert. He's worked with companies large and small to reduce chargebacks, improve ROI and fight fraud on multiple platforms. He strives to always think like a merchant and develop tools that make merchants' lives easier.
FraudPVP's VMPI Service gives you the chargeback-reducing power of VMPI with little to no set-up on your end. You can start deflecting chargebacks NOW. Listen to the Podcast to learn more!
What is special about FraudPVP’s VMPI Service?
Time Saved: We have real time alerts from Visa on Fraud and Chargebacks. Our VMPI alert time is 3-4 days faster than traditional fraud and chargeback alerts merchants receive from their acquirer. Inquiries Deflected: In 50+% of cases in which a customer called their issuer with a dispute, our system was able to prevent chargebacks by either saving the sale or providing an avenue to refund the transaction without a chargeback. Saved Sales: In 25+% of cases in which a customer called with a dispute, our system was able to not only avoid the chargeback, but also save the sale completely, so the merchant kept their money! Easy Integration / Fast Results: Little to no IT/Engineering required. We have paths to go live that require no integration. You could be live within a matter of days and saving sales and reducing chargebacks within the current month! No ramp-up needed!
More Information:
FraudPVP.com
Scott Adams - LinkedIn
https://www.linkedin.com/in/speakerscotteadams/
Visa Merchant Purchase Inquiry Program
https://developer.visa.com/capabilities/visa-cardholder-purchase-inquiry
Fraud Stats mentioned in podcast: Kount Blog
https://www.kount.com/blog-against-fraud/11-frightening-chargeback-statistics
Email Us: Ruin a Bad Guy's Day Radio https://www.ruinabadguysday.com/contact
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