Vesta Guarantees against Fraud, Chargebacks
May 18, 2015
Vesta, an Atlanta-based provider of card-not-present payment and fraud-prevention solutions, today at the CNP Expo in Orlando, Fla. launched a new guaranteed antifraud solution. The idea of covering a company’s losses due to chargebacks is not unique , but only a handful of companies offer to cover the cost of chargebacks on transactions they have approved. Vesta’s vGuaranteed does just that without, the company said, limiting transactions in a wholesale manner to reduce fraud. The solution also ensures merchants are paid for all transactions, even the fraudulent ones.
“Vesta’s team of data scientists has the experience and training necessary to monitor transactions and stop fraud in its tracks,” said Christopher Uriarte, Vesta’s chief payments and product officer. “Fraudulent payments rarely occur with Vesta, but even if they do, the retailer is fully protected from the consequences.”
The vGuaranteed Solution will be on display starting tomorrow during the CNP Expo at the conference center of the Caribe Royale Resort in Orlando at Booth #416. Also tomorrow, Uriarte will speak on “The Constant Evolution of Fraud” panel at 2:15 p.m. in Bonaire 1-4.