Accertify Joins Leading Retailers to Discuss Returns Abuse at MRC Vegas 2023 Conference

On March 7, 2023, Accertify, a subsidiary of American Express (AXP), participated in discussions at the Merchant Risk Council (MRC) Conference in Las Vegas focusing on online purchase returns.

Rhea-AI Summary

On March 7, 2023, Accertify, a subsidiary of American Express (AXP), participated in discussions at the Merchant Risk Council (MRC) Conference in Las Vegas focusing on online purchase returns. With 1 in 6 online purchases being returned and over $22 billion lost to fraudulent returns, the session aimed to address these significant challenges faced by retailers. Accertify introduced its new solution, C.A.R.E., designed to help merchants manage claims and returns effectively. The company highlighted multiple opportunities for attendees to engage with the solution during the conference.

Positive

• Accertify's new C.A.R.E. solution targets the growing issue of returns and aims to enhance retailers' revenue.
• Participation in a key industry conference strengthens Accertify's market visibility and networking opportunities.

Negative

• The pervasive issue of returns abuse indicates a significant challenge for retailers, potentially affecting their profitability.

Argus Session date unavailable

-2.09% session move Open Argus

Details

News Market Reaction – AXP

The recorded move for AXP in the trading session of this news was -2.09%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

LAS VEGAS, March 7, 2023 /PRNewswire/ -- Last year, 1 in 6 purchases made online were returned, and the total amount of fraudulent returns for online purchases resulted in over $22B in losses for retailers[1]. Join Accertify and leading fraud experts to discuss the challenges confronting this growing problem.

The session will take place at Merchant Risk Council (MRC) Conference at the Aria Resort in Las Vegas on Tuesday, March 7 at 11:30 a.m. PT in Bristlecone 8 and will feature Stuart Mann, MRC Global Board Member and Director of Digital Identity & Fraud Product Management at Accertify along with some of the top global merchants.

Together these experts will provide insights into strategies and controls available to help merchants combat returns abuse without impacting relationships with their best customers.

Accertify's latest solution, C.A.R.E., is helping merchants solve the growing claims, adjustments, returns, and exchanges problem.  Throughout the MRC Conference, attendees will have multiple opportunities to learn more about this solution, including: 

Accertify's MRC Ignite Session on Tuesday March 7 at 10:30 a.m. PT

Accertify's Demo Theatre Presentation on Tuesday, March 7 at 12:55 p.m. PT

For more information on C.A.R.E. -- Accertify's returns abuse solution, please visit accertify.com/CARE

For more information on the conference and to see a detailed agenda, please visit https://merchantriskcouncil.org/events/2023/mrc-vegas-2023#.Y-1DduzML9A

About Accertify

Accertify, Inc., a wholly owned subsidiary of American Express, is a leading provider of fraud prevention, digital identity, device intelligence, chargeback management, and payment gateway solutions to customers spanning diverse industries worldwide. Accertify's suite of products and services help companies grow their business by driving down the total cost of fraud, simplifying business processes, and ultimately increasing revenue. For more information, please visit www.accertify.com

Accertify Contact:
Neal Stein
Technology PR Solutions
Office: (321) 473-7407
nealjstein@techprsolutions.com

[1]

https://cdn.nrf.com/sites/default/files/2023-01/Customer%20Returns%20in%20the%20Retail%20Industry_2022_Final_1.pdf

View original content:https://www.prnewswire.com/news-releases/accertify-joins-leading-retailers-to-discuss-returns-abuse-at-mrc-vegas-2023-conference-301764688.html

SOURCE Accertify, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the focus of Accertify's session at the MRC Conference?

Accertify's session at the MRC Conference focuses on strategies to combat returns abuse in online retail.

How much do retailers lose to fraudulent returns each year?

Retailers lose over $22 billion annually to fraudulent returns.

What is Accertify's new solution introduced at the MRC Conference?

Accertify introduced its new solution called C.A.R.E. to help merchants manage returns and claims.

When did Accertify present its solutions at the MRC Conference?

Accertify presented its solutions on March 7, 2023, during the MRC Conference in Las Vegas.

What are the statistics regarding online purchase returns?

1 in 6 purchases made online were returned last year, highlighting a significant issue in the retail sector.