Ethoca was awarded two coveted industry awards– Best Overall Fraud/Security Solution and Best Chargeback Management Program– at the 4th Annual CNP Awards on May 21, 2015 in Orlando, Florida.
The Annual CNP Awards, part of the CNP Expo, is the only program honoring the companies, programs, and solutions that have distinguished themselves in the card-not-present (CNP) space during the past year.
Candidates for this year’s Best Overall Fraud/Security Solution (Judges’ Choice) award were vetted by a panel of risk management and security experts. The winner was selected after weighing each candidate’s ability to help ecommerce merchants combat various forms of online fraud compared to competing solutions.
The winner of the Best Chargeback Management Program (Customer Choice) award was selected based on votes collected from ecommerce merchants across the globe. Ethoca also won the Best Chargeback Management Program Judges’ Choice award in 2014.
The Ethoca Collaboration Network, which has grown to 30+ card issuing banks, 500+ credit unions, and over 3,500 merchants, closes the fraud intelligence gap between merchants and issuers by providing merchants with an unparalleled source of cardholder confirmed fraud and customer dispute information in hours or days– not weeks later through the slow and inefficient chargeback process. This gives merchants a critical window to stop the fulfillment of fraudulently purchased goods, issue a refund, and avoid the chargeback.
To learn more about the Ethoca solution, download our case study.