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BAC - Visa To Acquire Verifi For Dispute Management Tech
Bank of America Corporation
Quick Take
Visa (V) announced it has agreed to acquire Verifi for an undisclosed amount.
Verifi provides solutions that reduce the risk of fraud and chargebacks.
Visa will integrate Verifi’s technologies to provide improved dispute resolution tools and analytics for merchants and consumers.
Target Company
Los Angeles, California-based Verifi was founded in 2005 and has developed a solution that saves time and resources by connecting all participants of the dispute management process in real-time to resolve customer disputes before they turn into a chargeback.
Management is headed by Founder, Chairman and CEO Matthew