LOS ANGELES, CA--(Marketwire - Oct 3, 2012) - Verifi, Inc., a leading provider of payment risk management solutions for card-not-present (CNP) transactions, announces a new relationship with Teleflora, the world's leading flower delivery service. Verifi will provide its Chargeback Representment service in order to recover funds for Teleflora that would previously be lost to consumer chargebacks.
"Verifi is excited for the opportunity to recover revenue for Teleflora, contributing to its bottom line and increasing its overall performance," says Tony Wootton, Chief Revenue Officer at Verifi. Verifi provides Merchants the tools they need to reduce risk and increase profitability. While using proprietary and industry applications, Verifi supports the creation of a safe and secure payment environment for all participants. As an outsourced managed service provider, Verifi helps merchants recover lost funds through chargeback representment success.
As a leader in chargeback representment, Verifi processes over 50,000 chargebacks in a given month and successfully recovers up to 55%* of disputed charges. Verifi takes over 100% of the chargeback dispute process for merchants helping them recover lost revenue and allowing them to focus on their core business.
*Reduction in chargebacks are not guaranteed. Success is determine on a case-by-case basis and is dependent upon various factors outside of Verifi's control.
Verifi™ is a leading provider of global electronic payment and risk management solutions for card-not-present merchants. The highly customizable payment and real-time reporting platform serves as a foundation for Verifi's suite of fraud solutions and risk management strategies. With a commitment of reducing risk while increasing profitability for clients, Verifi's multi-layered approach enables transaction risk management and mitigation, business optimization strategies, cardholder authentication and chargeback representment for all major credit card brands. Verifi is PCI Level 1 certified and headquartered in Los Angeles, California. For more information on Verifi, please visit: www.Verifi.com or email us at info@Verifi.com.
Teleflora brings together the time-honored tradition of sending flowers with the modern benefits of an advanced florist network. By tapping over 15,000 member florists in North America alone, Teleflora offers the kind of personal touches, artistry and expertise you expect from a trusted neighborhood florist--even if that neighborhood is across the country. No prepackaged flowers in nondescript boxes dropped on your doorstep -- Teleflora's network of professional florists create artistic arrangements personally delivered in a vase, often on the same day. And, with the organization's pioneering "Flowers in a Gift" Collection, the recipient gets a keepsake that turns the treasured gesture of a bouquet into a lasting memento. Luxe yet affordable, aspirational yet accessible, Teleflora makes every day an occasion.