Uncategorized
Unveiling the VFMP: A Robust Countermeasure to Fraudulent Disputes
In today’s dynamic financial landscape, combating fraud is a strategic priority for all institutions. We are proud to introduce the Visa Fraud Monitoring Program (VFMP), a powerful system designed to fortify the integrity of transactions and provide enhanced protection against fraudulent disputes.
The VFMP mimics the operational structure of the popularly known Visa Dispute Monitoring Program (VDMP) but is specifically tailored to address disputes under a “fraud” reason code, such as the EMV Liability Shift Counterfeit Fraud under code 10.1.
Our robust system operates within three precise tiers based on monthly thresholds. The ‘Early Warning’ stage is triggered when fraud-related disputes reach $50,000, or when it constitutes 0.65% of the sales value. The ‘VFMP Standard’ situation arises when disputes escalate to $75,000 or when it accounts for 0.9% of the sales value, while the ‘VFMP Excessive’ is activated when fraud-related disputes exceed $250,000 or make up 1.8% of sales value.
It’s imperative to note, however, that some exceptions, additional considerations, and region-specific protocols regarding which fraud reason codes are included. We have put in immense effort to make sure our comprehensive program caters to the diverse needs of our global client base.
The VFMP is our commitment to providing a safer transaction environment, improving the reliability of our services, and ensuring that our customers can operate with confidence. Refer to the details below for a more in-depth understanding of this security initiative.
Technology
Inbound 24 Boston: Key Learnings from the Premier Marketing Conference
Inbound 24 Boston a marquee event in the marketing and business industry, recently concluded, leaving attendees with a wealth of insights and key learnings. The conference congregated thought leaders, industry experts, and pioneering marketers who delved deep into the latest trends and tools shaping the future of inbound marketing.
This year’s event underscored the value of personalization in marketing, emphasizing that tailored content and experiences significantly amplify customer engagement and conversions. Attendees were introduced to the power of leveraging behavioral data and customer insights to create personalized campaigns that resonate with their target audiences.
Marketing automation was also spotlighted as a must-have for successful campaigns. Experts shared advice on strategies and tools for automating various marketing processes, allowing marketers to focus on strategy and creativity while streamlining workflows.
Inbound 24 also reaffirmed the enduring role of content marketing in a successful strategy. High-quality, engaging content that addresses consumer needs can drive traffic, build brand authority, and instill customer loyalty.
The role of video marketing was another important focus, with experts sharing tips on incorporating this powerful medium into various marketing strategies due to the rise of platforms like TikTok and the increasing popularity of video content on social media.
Data-driven decision-making formed a recurrent theme throughout the conference; marketers were urged to use data analytics to gain insights into campaign performance and consumer behavior. Utilizing these insights, they can make more informed decisions about their marketing strategies.
The importance of nurturing customer relationships for long-term success was also reinforced. Strategies for engaging customers with personalized communication, nurturing leads, and building loyalty were discussed at length.
The future of search engine optimization was also delved into, with experts discussing the impact of AI and machine learning on search algorithms. Marketers were advised on focusing on user experience, optimizing for voice search, and creating content that answers user queries comprehensively.
Beyond the educational sessions, Inbound 24 also served as a networking and collaboration hotspot. Attendees had the chance to connect with industry peers, share experiences, and explore potential collaborations, which are paramount for staying ahead in the rapidly changing marketing landscape.
In conclusion, Inbound 24 Boston equipped marketing professionals with invaluable insights for navigating the complexities of modern marketing. By applying these learnings, marketers can not only enhance their campaigns but also forge meaningful connections with their audiences, driving success in a competitive landscape.
E-retail
The Global Ecommerce Summit 2024: Shaping the Future of Digital Commerce
The recently concluded three-day Ecommerce Summit 2024 showcased the future of digital commerce, bringing together industry leaders, entrepreneurs, and innovators across the world. The event underscored emerging trends, cutting-edge technologies, and new strategies defining the ever-evolving world of ecommerce.
One of the most significant takeaways from the summit was the pivotal role of personalization in digital commerce. With buyers increasingly seeking tailored experiences, brands investing in AI-driven personalization engines are emerging victorious, showcasing improved customer loyalty, higher conversion rates, and increased retention.
The summit also emphasized the ascension of social commerce with platforms like Pinterest, Instagram, and TikTok becoming more than just product discovery channels. The seamless in-app purchases and influencer partnerships are expected to drive exponential growth in social commerce in 2024.
AI and automation were spotlighted as keys to ecommerce efficiency, aiding businesses in streamlining operations, reducing manual tasks, and optimizing supply chains. The introduction of omnichannel strategies highlighted the continued blurring of lines between digital and physical shopping experiences, with integration of online and offline experiences becoming crucial to meet customer expectations.
Another key topic was the importance of sustainability in ecommerce, reflecting consumers’ growing awareness of environmental impact. Brands adopting sustainable practices are not only meeting customer expectations but gaining a competitive edge in an environmentally concerned world.
The summit also spotlighted the increasing importance of fast fulfillment, with solutions like AI-driven supply chain and micro-warehousing management making rapid delivery a reality. And with customer experience emerging as a central theme, businesses are realizing the importance of exceeding customer expectations at every interaction, from browsing to after-sales service.
The event highlighted the rapidly evolving payment landscape, digital wallets, buy now, pay later options, and cryptocurrency payments were signaled as the future of ecommerce payments. With data privacy and security being the cornerstone of ecommerce, brands prioritizing data security are likely to earn and retain customer loyalty.
In the evolving landscape of ecommerce, the power of influencer marketing continues to be a core strategy with micro-influencers driving higher engagement and conversion rates. The Ecommerce Summit 2024 underlined the fact that ecommerce’s future lies in creating seamless, personalized, and efficient shopping experiences – keys to business success in 2024 and beyond.