Visa, which processes trillions of dollars in electronic transactions each year, has introduced six AI-powered dispute resolution tools to help merchants, issuers, and acquirers reduce costs, minimize fraud, and improve visibility, according to an announcement issued today.
“When outdated technology cannot keep pace, fraud goes undetected,” Andrew Torre, President of Value-Added Services at Visa, said in a statement. “Our expanded suite of dispute services gives clients the visibility they need to focus on what matters most: serving customers, launching new products and growing their businesses.”
Merchants can resolve disputes earlier through Visa Dispute Resolution Network, automate representment with Visa Dispute Recovery Manager, and prevent unnecessary disputes with Order Insight and Compelling Evidence 3.0.
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