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Article: Chip-Enabled Merchants Experience Fewer Chargebacks Leading Up to Busy Holiday Season; Moneris Solutions unveils industry's first Canadian evidence that chip technology reduces chargebacks and credit card fraud.
- Article from:
- Marketwire Canada
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 12, 2009 (Marketwire via COMTEX) -- With only six weeks until the holiday season, Canadian merchants would be wise to get chipped. New findings compiled by Moneris Solutions, Canada's largest payment processor, reveal that merchants who process chip card transactions are experiencing fewer chargebacks than ever before due to increased security and fraud detection. This is the first data of its kind from Canada and demonstrates that chip cards reduce fraud and chargebacks.
The data addresses the chargeback concerns of merchants especially during the busy holiday season. The migration to chip cards provides peace of mind to merchants and ...