• Latest
Sift Raises $50 Million at a Valuation Over $1 Billion

Sift to Purchase Chargeback

May 26, 2021
10 Best OSINT Tools

10 Best OSINT Tools

August 15, 2022
How Print on Demand Companies Can Prevent Chargebacks

How Print on Demand Companies Can Prevent Chargebacks

August 11, 2022
KYC & AML: Know your customer and anti-money laundering explained

KYC & AML: Know your customer and anti-money laundering explained

August 7, 2022
New Podcast Episode: Walls of Thieving Cellphones with Nethone

New Podcast: How Consumers React to Identity Theft and Account Takeover Attacks

August 2, 2022
The Best Reverse Email Lookup Tools in 2022 (with pricing)

The Best Reverse Email Lookup Tools in 2022 (with pricing)

August 16, 2022
Tailgating Attack

Tailgating Attack

July 24, 2022
80 billion Euros lost to online fraud across physical and digital goods, and e-ticketing in 2021, reveals Fraugster’s new Payment Intelligence Report  

80 billion Euros lost to online fraud across physical and digital goods, and e-ticketing in 2021, reveals Fraugster’s new Payment Intelligence Report  

July 20, 2022
Influencer Insights: Christian Mangold, CEO of Fraugster Discusses the Payment Intelligence Report 2022

Influencer Insights: Christian Mangold, CEO of Fraugster Discusses the Payment Intelligence Report 2022

July 20, 2022
New Podcast Episode: Walls of Thieving Cellphones with Nethone

New Podcast: Let’s Get Megan a Job! LinkedIn recruiter scams & how to find work in the fraud prevention industry

July 19, 2022
Reverse Email Lookup to Protect Against Fraud

Reverse Email Lookup to Protect Against Fraud

August 16, 2022
Silverfort Raises $65m Series C for World’s First Unified Identity Threat Protection Platform

The Worldwide eCommerce Fraud Detection & Prevention Industry is Expected to Reach $83.9 Billion by 2026

July 15, 2022
The fraud detection and prevention (FDP) market to surpass $100 billion by 2027

Pre-hijacking Account Takeover Fraud

July 14, 2022
  • Contribute
  • Contact Us
  • About
  • Join Us
  • Advertise
  • PaymentsReview.com
Tuesday, August 16, 2022
Merchant Fraud Journal
  • Home
  • Articles
    • Chargebacks
    • Fraud Prevention
    • Influencer Insights
  • Resources
    • Recorded Webinars
    • Podcasts
    • Vendor Directory
    • eCommerce Fraud Reports
    • Training and Certifications
    • Jobs Board
    • Associations and Non-Profits
  • News
No Result
View All Result
  • Home
  • Articles
    • Chargebacks
    • Fraud Prevention
    • Influencer Insights
  • Resources
    • Recorded Webinars
    • Podcasts
    • Vendor Directory
    • eCommerce Fraud Reports
    • Training and Certifications
    • Jobs Board
    • Associations and Non-Profits
  • News
No Result
View All Result
Merchant Fraud Journal
No Result
View All Result

Sift to Purchase Chargeback

by Bradley
May 26, 2021
in News
Sift Raises $50 Million at a Valuation Over $1 Billion

Sift, a leader in digital trust & safety and eCommerce fraud prevention, will purchase card not present chargeback dispute management process solution Chargeback, the companies announced.

Sift hailed the acquisition in a blog post, explaining that Sift’s proven ability to drastically reduce chargebacks, combined with Chargeback’s proven track-record knowing how to win chargeback representment disputes, will provide a powerful end-to-end umbrella solution for merchants looking to reduce card not present fraud.

“Customers receive industry-leading, machine-learning technology that maximizes revenue by quickly approving legitimate orders and avoiding fraud that can lead to chargebacks,” Sift said in the post. “And if chargebacks do happen, all of the necessary data is easily available so merchants can increase dispute win rates and help keep more of their hard-earned revenue.”

In a press release announcing the acquisition, Sift President & CEO Marc Olesen also stated that combining the two solutions’ teams will allow them to go beyond card not present fraud to touch every aspect of eCommerce fraud prevention.

“Preventing chargeback fraud is the critical ‘last mile’ of stopping payment fraud entirely,” Olesen said. “With the addition of Chargeback’s team, technology, and partners, our customers gain a true hub for fighting all types of fraud and abuse while creating a more seamless experience. We’re excited to continue working together as we help our customers implement their Digital Trust & Safety strategies.”

Chargeback also made a blog post, in which it thanked its customers and stated their motivation for agreeing to the acquisition was to provide a more far-ranging platform that would perform a wider variety of fraud prevention tasks.

Your gratitude was rewarding, and you saved loads of money, time, and headache using our platform. Yet, you continued to ask for more. In the end, it became clear what you really wanted was a platform that integrated the wide variety of applications that trust and safety and digital loss prevention teams use daily, not just a more comprehensive dispute management platform.

The acquisition will certianly makes waves in the industry. After a decade of strong growth, investment, and expansion, it could portend the beginning of period of industry consolidation. As customers demand merchants increase their use of alternative payment methods, companies may be shifting towards a preference for multi-faceted, consolidated solutions that can handle the increasingly diverse range of attack vectors they must defend against.


Sources:

https://blog.sift.com/2021/sift-to-acquire-chargeback/

https://www.globenewswire.com/news-release/2021/05/25/2235607/0/en/Sift-to-Acquire-Chargeback-Providing-Merchants-With-Complete-Protection-Against-Payment-Fraud.html

https://chargeback.com/sift-to-acquire-chargeback/

Tags: sift
ShareTweetShareSend
Previous Post

Automated Chargeback Pros and Cons Analysis for Savvy Ecommerce Merchants

Next Post

Stripe Disputes

Next Post
Stripe Disputes

Stripe Disputes

Our Sponsors

Our Latest Report

Get the 2022 Fraud Trends Report

MFJ 2022 Fraud Trends Report

Search Our Site

No Result
View All Result

Featured Directory Listings

  • sift logo
    Sift
  • SEON. Fraud Fighters
  • nSure.ai logo
    nSure.ai
  • PayRetailers
  • logo
    NoFraud
  • Spotrisk
  • Ekata
  • Pipl
  • Microsoft Dynamics 365 Fraud Protection

Our Sponsors

Fraud Industry News

10 Best OSINT Tools

10 Best OSINT Tools

August 15, 2022
How Print on Demand Companies Can Prevent Chargebacks

How Print on Demand Companies Can Prevent Chargebacks

August 11, 2022
KYC & AML: Know your customer and anti-money laundering explained

KYC & AML: Know your customer and anti-money laundering explained

August 7, 2022

Connect With Us

Quick Navigation

  • Home
  • News
  • Join Us
  • About Us
  • Contact Us
  • Advertise
  • Contribute
  • Privacy Policy

The Payments Media Network

Merchant Fraud Journal
Payments Review

Privacy Policy

Our Privacy Policy
Our Terms of Use

Resources

  • Articles
  • eCommerce Fraud Reports
  • eCommerce Fraud Webinars
  • Training and Certifications
  • Jobs Board
  • Associations and Non-Profits
  • Podcasts
  • Vendor Directory

Popular Posts

  • How Does Two-Factor Authentication (2FA) Work?

    How Does Two-Factor Authentication (2FA) Work?

    0 shares
    Share 0 Tweet 0
  • How to File a Claim With FedEx + What To Do If Claim is Denied

    0 shares
    Share 0 Tweet 0
  • Top eCommerce Fraud Prevention Companies

    0 shares
    Share 0 Tweet 0
  • How to Fight PayPal Chargeback Fraud

    0 shares
    Share 0 Tweet 0

Featured Vendors

  • SEON. Fraud Fighters
  • nSure.ai
  • Sift
  • Spotrisk
  • PayRetailers
  • Microsoft Dynamics 365 Fraud Protection
  • Ekata
  • NoFraud
  • Pipl

Download the 2022 Fraud Trends Report

No Result
View All Result
  • About Merchant Fraud Journal
    • Advertise on Merchant Fraud Journal
    • Interested in Contributing or Guest Posting to Merchant Fraud Journal?
  • Articles
    • Chargebacks
    • Fraud Prevention
    • Influencer Insights
  • Contact Us
  • Download Addressing Payment Fraud and Customer Experience Report
  • Download Evolving Complexities of Payment Fraud Report
  • Download the 2020 Chargeback and Representment Report
  • Download the 2020 Merchant Fraud Journal Vendor Guide
  • Download the 2021 Fraud Trends Report
  • Download the 2022 Fraud Trends Report
  • Download the 3 Ways a Unified Chargeback Management and Fraud Platform Increases Revenue Report
  • Download the MFJ 2022 Customer Experience Report
  • Download the MFJ ATO in Retail Report
  • Home
  • Job Dashboard
  • Join The Merchant Fraud Journal Community
  • Merchant Fraud Journal Advertising Agreement
  • MFJ Fraud Trends Report Giveaway
  • News
  • Post a Job
  • Privacy Policy
  • Resources
    • 2020 Chargeback Representment Guide for Merchants
    • 2020 Vendor Guide
    • 3 Ways a Unified Chargeback Management and Fraud Platform Increases Revenue
    • Addressing Payment Fraud and the Customer Experience in 2022
    • Associations and Non-Profits
    • ATO Fraud In Retail Report
    • Balancing Customer Experience and Fraud Prevention: What’s the Secret?
    • Digital Trust & Safety: Combating the Evolving Complexities of Payment Fraud
    • eCommerce Fraud Reports
    • eCommerce Fraud Webinars
    • Fraud Prevention Training and Certifications
    • Jobs Board
    • Merchant Fraud Journal’s Fraud Trends 2020 Report
    • Merchant Fraud Journal’s Fraud Trends 2021 Report
    • Merchant Fraud Journal’s Fraud Trends 2022 Report
    • MFJ’s 2022 Customer Experience Report
    • Podcasts
    • Prevent High-Velocity Fraud Attacks During the 2021 Holiday Season
    • Vendor Directory
    • Webinar – Addressing Payment Fraud and the Customer Experience in 2022
    • Webinar – Mitigating Fraud and Risk on the ACH Network
    • Win January Chargeback Disputes
  • Subscribed
  • Terms and Conditions

© 2021 Payments Media Solutions Canada Inc.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
[class^="wpforms-"]
[class^="wpforms-"]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy